Assignment: PhD TIM-Analyze The Quantitative Approach To Risk Mitigation
Threat motivation, threat capabilities, ease of exploitation, and existing countermeasures are all considerations in determining the likelihood of a threat occurrence. Determining a numerical value to assess the likelihood of a threat happening is difficult. One of the primary approaches to risk calculation is the quantitative approach. The formulas and metrics used in the calculation of risk analysis using quantitative analysis involve single loss expectancy (SLE), annualized rate of occurrence (ARO), annualized loss expectancy (ALE), total cost of ownership (TCO), return on investment (ROI), and cost/benefit analysis (CBA).
Using an organization with which you are familiar and including real-world examples for that organization, prepare a short paper that explains the relationship between SLE, ARO, and ALE in determining risk and the impact these items will have on your organization. Structure your response as a professional position paper and NOT a scholarly or academic paper. Avoid explaining academic or theoretical concepts without relating them specifically to your organization and how they impact your organization.
Length: 3-5 pages.
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.