Ernest Martinez Jr. C. Flack IS3110 October 22, 2012
Purpose The Senior Management of the Defense Logistics Information Services (DLIS) has decided to update the previous risk management plan with a developing, new risk management plan. This new risk management plan will not only minimize the amount of risk for future endeavors, but will also be in compliance with regulations such as the Federal Information Security Management Act (FISMA), Department of Defense (DOD), Department of Homeland Security (DHS), National Institute of Standards and Technology (NIST), Control Objects for Information and Technology (COBIT), and Information Assurance Certification and Accreditation Process…show more content… Assessment of risk probability is the measurement of certainty that a risk will occur, and will be assigned a probability percentage from 1% to 100%. A risk with no probability of occurring will be assigned a 1% probability, while a risk probability of 100% will be assigned to a risk event that has occurred. Assessment of risk impact should use a quantitative method whenever it is possible. The estimated cost, potential delays and reduction of quality are factors that can be estimated and documented in the risk statement. Risk Response For each risk identified a response must also be identified. It is the responsibility of the Defense Logistics Information Services directors to select the response for each risk. Using the best possible assessment of the risk and the response options, the Defense Logistics Information Services directors can select the right response for each risk. The probability of a risk event occurring, and the impacts should it occur, will be the basis for determining which actions should be taken to mitigate the risk. One way to evaluate mitigation strategies is to multiply the risk cost times the probability of occurrence (Gibson, 2011). Mitigation strategies that cost less than risk probability should be given great consideration. Possible responses to risk are: * Avoidance – Change processes and objectives to avoid the risk. * Transference – Shift
To stay competitive in the financial institution market, the First World Bank Savings and Loan wishes to provide all banking services online to its customers. These services also include the online use of credit cards for loan applications. The development and competitiveness of First World Bank Savings is dependent on the ability to protect First World Bank Savings customers and assets. The Federal Deposit Insurance Corporation (FDIC) requires regulations and laws among related acts that must be…
PROJECT Project Project: Risk Management Plan Purpose This project provides an opportunity to apply the competencies gained in the units of this course to develop a risk management plan for a specific business problem related to an organization's identification of an outdated plan. Required Source Information and Tools The following tools and resources that will be needed to complete this project: Course textbook Internet access for…
Case 9-1: Crowdsourcing at AOL Section 1: Analysis AOL’s executive, Daniel Maloney, used crowdsourcing method to get help inventorying AOL’s video library through Mechanical Turk. Within 2 months project got completed and cost was similar if he would have hired 2 temp workers. He knew little about who did the work and he had to make sure about the quality of the work. Section 2: Summary of Discussion Questions 1. Yes. Crowdsourcing as used by AOL is a form of outsourcing. Instead of completing…
Assessment Tasks Assessor Guide BSBRSK501A: Manage risk Copyright ownership: United Business Services (Aust) Pty Ltd. This book is copyright protected under the Berne Convention. All rights reserved. No reproduction without permission. This book is protected by copyright and may not be reproduced or copied either in part or in whole nor used for financial gain without the express approval in writing of the owner (United Business Services (Aust) Pty Ltd) of the copyright. United Business Services…
1. Question : (TCO A) Projects have specific attributes. Which of the following is not an attribute? Student Answer: Has a sponsor or customer. Has interdependent tasks. Utilizes various resources. All of the above are project attributes. Instructor Explanation: Chapter 1, page 4-6. Points Received: 5 of 5 Comments: 2. Question : (TCO A) Which step of the project life cycle produces all of the project deliverables? Student Answer: Initiating…
ASSIGNMENTTASKS AND PROJECTS Contents A. Analyse this project according to the criteria laid down by Rib and Vidal, Fied-Booth and Legutke and Thomas for project work. 1. Presentation a. Goals b. Topic orientation c.Input 2. Focus 3. Teacher Role 4. Learner Role 5. Procedure a. Classroom research context b. Environmental classroom factors c. The opportunities for production (oral and written) the material provides. 6. Language focus 7. Analysis a. Fried- Booth theories 1. Analysis from…
Two Hours Special Requirements: Non programmable calculators INSTRUCTIONS TO CANDIDATES Section A - Answer all questions. 30 marks Section B – Answer 2 questions 35 marks each Total Marks: 100 1. SECTION A – ANSWER ALL QUESTIONS (each part is worth 2 marks). 2. Stages of software development include a. designing, testing, operating. b. analysing, testing, documenting. c. analysing, coding, documenting. d. solving, implementing, evaluating…
PRGM2010 Final Project Your Final Project for this course (to be performed in teams) is to produce a partial Project Plan for a potential real-world technical project. Note that several parts of a real project plan (the quality assurance plan, the change control protocol, the reporting plan, etc.) will not be included in this assignment because they will not have been covered before the assignment is due. One copy of this project plan must be delivered for the entire team at the start of…