Q2. (a.) Define following term with an example a. Risk owners b. Risk triggers c. Risk strategies d. Contingency plans e. Contingency reserves

Q: ............... identifie(s) risks from the systems environment. Aim is to develop an initial set of…

A: Let's see all the options: Option (a) : Preliminary risk analysis This analysis is done before the…

Q: Which of the following approaches to risk calculation typically assigns a numeric value (1–10) or…

A: answer is b. Qualitative risk calculation    wrong answers  quantitative risk calculation…

Q: It is important to establish both the risk appetite and the hazards that are still present. A…

A: What tactics may be discussed at all depends on the inherent risk appetite. The method may only be…

Q: What is the difference between a risk appetite statement and just stating that you are prepared to…

A: Answer :  Risk appetite statement are the description which include that an organization can take…

Q: When it comes to risk analysis, why are intervals of probability and consequence preferred than…

A: Introduction: In risk analysis, an interval of likelihood and consequence is preferable to an exact…

Q: What's the difference between a risk appetite statement and merely declaring you're prepared to…

A: A risk appetite statement is a formal document that outlines an organization's overall approach to…

Q: Which community of interest generally takes the lead when it comes to information asset risk…

A: To be determine: Which community of interest generally takes the lead when it comes to information…

Q: Explain the relationship between NPV and risk.

A: Net present value (NPV) is the difference between the present value…

Q: It is important to mention and quickly explain each of the five different risk-control strategies

A: Risk is the likelihood that something will go awry due to an occurrence or a chain of events.

Q: It is not obvious why intervals in risk analyses are preferred over exact numbers when referring to…

A: The answer is given below step.

Q: Explain the relationship between NPV and risk. Use formulas to support your claims in a variety of…

A: The net present value at risk is called NPV by a combination of the weighted average cost of the…

Q: Q.8 What is empirical risk minimization?

A:

Q: In performing Risk Management, one of the statement is not considered likelihood. a. Possible b.…

A: Defined the given statement

Q: Define the application of ‘due diligence’ when it comes to IT risk.

A: According to the question diligence is that process in which they collect the information before…

Q: Why is it preferable to use intervals of chance and consequence rather than exact figures when…

A: Introduction: An interval of probability and consequence is preferable than an exact number in risk…

Q: For each of the resources in the network diagram above, specify one possible risk. Also, use a…

A: Identifying Risk triggers allow for making sure that everything is fine and looking for the right…

Q: The use of intervals of probability and consequence in risk analysis is superior than using precise…

A: Encryption: In risk analysis, an interval of likelihood and consequence is preferable than an exact…

Q: In terms of probability and consequence, it is unclear why intervals rather than precise numbers are…

A: Assessing the likelihood of not achieving the goal at the beginning is necessary for conducting a…

Q: Complete a risk assessment using both qualitative and quantitative methods for a total of

A: Qualitative Risk Analysis:It tend to be more subjective.It focuses on identifying risks to measure…

Q: Which sentence contains the WRONG information about Risk Assessment? a. Uncertainty, which can be…

A: c. It is not part of the risk assessment process, the context, and system…

Q: RISK REGISTER FOR NOT DOING WELL IN CLASS- LIST TOP 5 RISKS

A: Risk can be classified based on occurrence (regular/ rare) and damage caused. The most damageable…

Q: (a) Draw and label a complete set of a computer system.

A: A complete set of computer has following parts: 1. Monitor - It is an output device. Displays…

Q: Define asset-liability ratio.

A: What I assert-liability ratio ?  It is ration between assert to liabilities which used to examines…

Q: Describe how the nett present value relates to the risk involved. Utilize mathematical models to…

A: Combining the weighted average cost of the capital value with the risk-return procedure yields the…

Q: b. Explain the concepts of risk, uncertainty and ambiguity in non-programmed decisions.

A: Risk in the non-programmed decision has a clear-cut goal and has available good information but…

Q: 79. The feasibilities studied in preliminary investigation is (are) a. technical feasibility b.…

A: System analysis: System analysis is the process used to understand and study the system, it is one…

Q: What is the difference between a risk appetite statement and just stating that you are prepared to…

A: Risk Tolerance: the quantity and kind of risk that a company is willing to pursue, keep, or take.…

Q: Risk appetite and residual risks should be defined. The trade-off between risk appetite and residual…

A: Introduction: The inherent risk appetite determines which tactics may be implemented and which…

Q: What is the meaning of the value for the risk factor that you obtained from (f). How the value will…

A: Definition-  the value  of the risk factor is defined as a long exposures to assets that are cheap…

Q: 17. What are the factors to be considered when deciding to invest in a unit trust? i. Understand the…

A: Answer :  A. i,ii and iii only

Q: It is important to mention and quickly explain each of the five different risk-control strategies.

A: Risk: Risk is the possibility of an event or sequence going wrong. Five risk-control methods:…

Q: Assume we quantify risk in two dimensions, like probability and impact (most commonly used way). Can…

A: I give this answer in next step with full definition with example,

Q: Who decides if a risk is acceptable?

A: e leader of the risk management team is responsible to decide which action should be taken, when a…