What is the purpose of the asset assessment
step of the risk management process? ~CORRECT ANSWER~✓✓• Identify
assets requiring protection and/or that are important to the organization and to
national security
• Identify undesirable events and expected impacts
• Prioritize assets based on consequences of loss
What is the purpose of the threat assessment
step of the risk management process? ~CORRECT ANSWER~✓✓• Determine
threats to identified assets
• Assess intent and capability of identified threats
• Assess current threat level for the identified assets
What is the purpose of the vulnerability
assessment step of the risk management
process? ~CORRECT ANSWER~✓✓• Identify existing countermeasures and
their level of effectiveness in reducing vulnerabilities
• Identify potential vulnerabilities related to identified assets and their
undesirable events
• Identify current vulnerability level for the identified assets that can be
exploited by the identified threats
, What is the purpose of the risk assessment step of the risk management process?
~CORRECT ANSWER~✓✓• Integrate information about the impact of
undesirable events (collected during the asset assessment step) and the
likelihood of undesirable events (based on information collected during the
threat and vulnerability assessment steps) to determine risks to identified assets
What is the purpose of the countermeasure determination step of the risk
management process? ~CORRECT ANSWER~✓✓• Identify potential
countermeasures to reduce vulnerability and/or threat and/or impact
• Identify countermeasure benefits in terms of risk reduction
• Identify countermeasure costs
• Conduct cost/benefit analysis
• Prioritize options and prepare recommendation for decision maker
What is the primary benefit of conducting the risk management process?
~CORRECT ANSWER~✓✓• National-level security policy endorses a holistic
risk management approach, allowing decision makers to effectively allocate
resources that provide the necessary security to assets that match the threat to
those assets
What are the primary costs of conducting the risk management process?
~CORRECT ANSWER~✓✓• Time and effort necessary to execute the five steps
of the risk management process
What are the potential challenges security practitioners may face when enacting
the risk management process? ~CORRECT ANSWER~✓✓• Availability of
information necessary to accurately determine the likelihood and impact of
undesirable events