Risk Assessment

Question 1

What is Risk?

Answer 1

A risk is a potential threat. [If triggered will have an adverse impact on an organization assets or operations]

Question 2

What a basic formula to help understand the Risk

Answer 2

Risk= Threat x Vulnerability

Question 3

Impact to Risk formula is

Answer 3

Risk = Threat x Vulnerability x Impact

Question 4

What is Risk Mitigation?

Answer 4

Method by which a risk is addressed so that it brought within organization risk tolerance

Question 5

What is Risk Identification?

Answer 5

is the process of identifying the possible threat and vulnerabilities that intersect to create risk

Question 6

What is Risk Management?

Answer 6

is the entire process by which risk are identified, evaluated, ranked, and mitigated, so an organization can ensure that the extent of institutional risk remains within its risk tolerances

Question 7

What are Risk Model

Answer 7

define the risk factors to be accessed and the relations among those factors .

Question 8

What are risk Factors?

Answer 8

characteristic used in the risk models as inputs to determine the levels of risk in risk assessments.