CRISC - Risk Assessment Study Guide with Complete Solutions
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Course
CRISC
Institution
CRISC
CRISC - Risk Assessment Study Guide with Complete Solutions
Process to identify and evaluate a risk event - Answer️️ -Risk Assessment
Key action in Risk Assessment - Answer️️ -Valuation of Risks
Enumerating risks - Answer️️ -Risk Identification
Evaluating risk and its impact to lear...
Asset Value (Av) - Answer✔️✔️-Dollar figure that represents what an asses is worth
to the organization
Exposure Factor (EF) - Answer✔️✔️-Loss percentage expected as a result of the
manifestation of a particular risk event. Impact
Single Loss Expectancy (SLe) - Answer✔️✔️-Dollar figure that represents the cost
of a single occurrence of a thread instance
Annual Rate of Occurrence (ARO) - Answer✔️✔️-How often a threat is expected to
materialize. Probability
Annual Loss Expectancy (ALE) - Answer✔️✔️-Cost per year as a result of a threat
Total Cost of Ownership (TCO) - Answer✔️✔️-Total cost of implementing a
safeguard, including initial costs and ongoing maintenance
Return on Investment (ROI) - Answer✔️✔️-Amount of money saves by
implementing a safeguard.
SLE formula - Answer✔️✔️-AV * EF
ALE formula - Answer✔️✔️-SLE * ARO
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