There was a lack of knowledge of asset management at the firm you just examined, and hence a lack of appreciation for its importance. What can you educate management about asset management using your knowledge and expertise?

There was a lack of knowledge of asset management at the firm you just examined, and hence a lack of appreciation for its importance. What can you educate management about asset management using your knowledge and expertise?

Management Of Information Security

6th Edition

ISBN:9781337405713

Author:WHITMAN, Michael.

Publisher:WHITMAN, Michael.

Chapter1: Introduction To The Management Of Information Security

Section: Chapter Questions

Problem 19RQ

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Asset management was not given enough attention or understood at the firm you just audited. How can you take your experience in asset management and use it to educate upper management?
At the company you just looked at, there was a lack of understanding of asset management, which led to a lack of recognition of its significance. Using your knowledge and experience, what can you teach management about asset management?
Recent audit findings indicate that asset management was not given enough attention or training inside the organization you examined. How can you take your experience and knowledge in asset management and apply it to educating upper management?
Create a Actvity Diagram of this Bank Management Sytem, using this scenario (see attached photo) Take note: Do not take a shortcut on making the diagram, you must understand the flow of the scenario
What do you think are the sources of the information Jim and his team collected? How do you think they collected all of that information? Examine list of alternatives above. Are there any requirements or constraints that you can think of that were overlooked? List them. If you were looking for alternative approaches for Petrie’s customer loyalty program, where would you look for information? Where would you start? How would you know when you were done? Using the web, find three customizable customer loyalty program systems being sold by vendors. Create a table that compares them. Why shouldn’t Petrie’s staff build their own unique system in-house?
Management continually wants to know the current financial picture of the company, including profit and loss, cash flow, and stock market forecasts. So, the problem is how to collect, analyse and present all of the financial information management wants. Explain the above in detail.
Asset management was not understood or valued at the firm you audited. How can you educate management about asset management?
Suppose Amy Windahl left the kickoff meeting with a list of over 200 assets that needed to be evaluated. When she looked at the amount of effort needed to finish assessing the asset values and their risk evaluations, she decided to “fudge” the numbers so that she could attend a concert and then spend the weekend with her friends. In the hour just before the meeting in which the data was due, she made up some values without much consideration beyond filling in the blanks. Is Amy’s approach to her assignment ethical? After the kickoff meeting, suppose Charlie had said, “Amy, the assets in your department are not that big of a deal for the company, but everyone on the team has to submit something. Just put anything on the forms so we can check you off the list, and then you will get the bonus being paid to all team members. You can buy me lunch for the favor.” Is Amy now ethically justified in falsifying her data? Has Charlie acted ethically by establishing an expected payback for this…
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