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    L2 Risk Analysis PDF

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    princessbernadethcabaltican
    This document provides information about risk analysis. It begins by stating the learning outcomes, which are to describe risk analysis principles, summarize risk analysis factors, and discuss the importance of risk analysis to risk assessment. It then presents content about risk analysis, including that it estimates probabilities and consequences of identified risks. It also discusses factors that risk analysis should consider, such as likelihood, consequences, complexity, and controls. Finally, it relates risk analysis to threat and vulnerability assessments, defining terms and describing how these all relate.

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    L2 Risk Analysis PDF

    Uploaded by

    princessbernadethcabaltican
    25 views13 pages
    This document provides information about risk analysis. It begins by stating the learning outcomes, which are to describe risk analysis principles, summarize risk analysis factors, and discuss the importance of risk analysis to risk assessment. It then presents content about risk analysis, including that it estimates probabilities and consequences of identified risks. It also discusses factors that risk analysis should consider, such as likelihood, consequences, complexity, and controls. Finally, it relates risk analysis to threat and vulnerability assessments, defining terms and describing how these all relate.

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    L2-RISK-ANALYSIS.-pdf

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    This document provides information about risk analysis. It begins by stating the learning outcomes, which are to describe risk analysis principles, summarize risk analysis factors, and discuss the importance of risk analysis to risk assessment. It then presents content about risk analysis, including that it estimates probabilities and consequences of identified risks. It also discusses factors that risk analysis should consider, such as likelihood, consequences, complexity, and controls. Finally, it relates risk analysis to threat and vulnerability assessments, defining terms and describing how these all relate.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    25 views13 pages

    L2 Risk Analysis PDF

    Uploaded by

    princessbernadethcabaltican
    This document provides information about risk analysis. It begins by stating the learning outcomes, which are to describe risk analysis principles, summarize risk analysis factors, and discuss the importance of risk analysis to risk assessment. It then presents content about risk analysis, including that it estimates probabilities and consequences of identified risks. It also discusses factors that risk analysis should consider, such as likelihood, consequences, complexity, and controls. Finally, it relates risk analysis to threat and vulnerability assessments, defining terms and describing how these all relate.

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    of 13

    RISK

    ANALYSIS
    Amelyn D. Sadang
    LEARNING
    OUTCOMES
    1.Describe the principles of risk
    analysis.
    2.Summarize the factors to
    consider in risk analysis.
    3.Discuss the importance of risk
    analysis to risk assessment.

    2
    WHAT I KNOW?
    TRUE OR FALSE
    1.Risk analysis involves detailed
    consideration of likelihood of an
    identified risks.
    2.An event can have multiple
    causes and consequences which
    can affect objectives.
    3.Highly certain events can be
    difficult to quantify.
    3
    WORDS TO REMEMBER
    RISK
    ANALYSIS
    ❖Risk analysis is an analytical process to
    provide information regarding
    undesirable events in which it
    estimates probabilities and expected
    consequences for identified risks.
    ❖An event is the occurrence or change
    of a particular set of circumstances.
    ❖Consequence is an outcome of an
    event affecting objectives.
    4
    A. RISK ASSESSMENT &
    RISK ANALYSIS
    ❖The purpose of risk analysis is to
    comprehend the nature of risk and
    its characteristics, where
    appropriate, the level of risk.
    ❖It involves a detailed consideration
    of uncertainties, risk sources,
    consequences, likelihood, events
    can have multiple causes and
    consequences and can affect
    multiple objectives.
    5
    RISK ANALYSIS SHOULD
    CONSIDER FACTORS SUCH AS:
    ❖The likelihood of events and
    consequences;
    ❖The nature and magnitude of
    consequences;
    ❖Complexity and connectivity;
    ❖Time-related factors and volatility;
    ❖The effective of existing controls;
    and
    ❖Sensitivity and confidence levels.
    6
    B. THREAT AND VULNERABILITY
    ASSESSMENTS AND RISK ANALYSIS
    ❖Risk is function of the values of threat, consequence, and
    vulnerability.
    ❖Threat assessment as consideration for the full spectrum of
    threats (i.e., natural, criminal, terrorist, accidental) for a given
    facility/location. Renfroe and Smith, (2016)
    ❖The assessment should examine supporting information to
    evaluate the relative likelihood of occurrence for each threat.
    ❖In dealing with criminal threats, the crime rates in the activity
    that might pose a threat to the facility or to an events.
    ❖Once the possible threats are identified, a vulnerability
    assessment must be performed to consider the potential of
    loss from a successful attack and vulnerability of the facility,
    location, or event to an attack.
    7
    AN IMPACT OF LOSS IS DEFINED AS THE DEGREE TO WHICH THE FACILITY OR
    EVENT IS COMPRISED BY A SUCCESSFUL ATTACK FROM THE GIVEN THREAT,
    AND IT CAN BE CATEGORIZED AS FOLLOWS:

    DEVASTATING SEVERE NOTICEABLE MINOR

    The facility is The facility is partially The facility is temporily The facility
    damaged/contaminat damaged/contaminated closed or unable to experiences no
    ed beyond habitable . operate but can significant impact on
    use. Most items/assets continue without an operations (dowbtime
    are lost, destroyed, or interruption of more is less than four hours)
    damaged beyond than one day. and there is no loss of
    repair/ restoration. major assets.

    8
    VULNERABILITY

    ❖Defined to be a combination
    of the attractiveness of a facility
    or an event as a target and the
    level of deterrence and/or
    defense provided by the
    existing countermeasures.

    9
    SAMPLE DEFINITIONS OF VULNERABILITY RATINGS ARE AS FOLLOWS:

    VERY HIGH HIGH MODERATE LOW


    This is high profile This is a high profile This is moderate profile This is not a high
    facility that provides regional facility or a facility (not well known profile facility and
    a very attractive moderate profile outside the local area or provides a possible
    target for potential national facility that region) that provides a target and/or the level
    adversaries, and the provides an defense potential target and/or the of deterrence and/or
    level of deterrence provided by the level of deterrence and/or defense provided by
    and/or defense existing defense provided by the the existing
    provided by the countermeasures is existing countermeasures countermeasures is
    existing marginally adequate. is marginally adequate. adequate.
    countermeasures is
    inadequate.
    10
    11
    12
    THANK YOU!

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