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3 STANDARDS OF THE FRAMEWORKS FOR RISK MANAGEMENT

by | Apr 29, 2022 | IT, Web | 0 comments

 

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PART 1:
3 STANDARDS OF THE FRAMEWORKS FOR RISK MANAGEMENT
****PLEASE USE 137 WORDS TO COMPLETE THIS PART****
The three standards of the frameworks for risk management are the National Institute of Standards and Technology (NIST) Risk Management Framework (RMF), ISACA Risk IT Framework, and ISACA’s COBIT.
• Briefly explain each of the 3 Standards of the Frameworks for Risk Management?
• Briefly discuss some of the advantages and disadvantages/gaps that each of these have in terms of risk management, governance, assessment, mitigation, and response.
***Please make sure to only use WEBSITE sources***
***DO NOT USE BOOKS as sources for this assignment***
PART 2:
HOW TO LOWER AND MANAGE RISK
****PLEASE USE 137 WORDS TO COMPLETE THIS PART****
The different 4 risk response options an organization has to lower and manage risk are:
• Risk Acceptance
• Risk Avoidance
• Risk Mitigation
• Risk transference
• Describe each of the 4 risk response options listed above
• Provide an example of each of the 4 risk options
***Please make sure to only use WEBSITE sources***
***DO NOT USE BOOKS as sources for this assignment***
ASSIGNMENT INSTRUCTIONS
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****This assignment should be writing from Scratch****
****Please do not use examples found on different websites such as Coursehero or any other websites****

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