Risk Analysis Formula Essay Assignment
Order ID: 89JHGSJE83839 Style: APA/MLA/Harvard/Chicago Pages: 5-10 Instructions:
anaging risk is a vital part of creating a secure and resilient infrastructure. Since there are limited resources available, an organization must prioritize risks in order to determine how to best use its resources to minimize risk. This is accomplished in part by identifying potential threats, and then using a formula to calculate the potential risk of given threats. (this will provide a prioritized list of threats to focus on)
Risk Score = Threat x Vulnerability x Consequence
While a risk analysis, in part, is intended to provide a prioritized list of threats, for this discussion, simply select one example of a threat that could impact your sector, or a particular region of your sector. Provide a risk score based on the formula above (use a 1-10 scale for each variable. 1=lowest and 10 for highest
1) List a viable threat. (could be geographically specific)
2) How Vulnerable is the sector to the threat? (based on statistical data from previous occurrences or an analysis by a subject matter expert)
3) What is the consequence to your sector should the threat actually occur? (based on statistical data from previous occurrences or an analysis by a subject matter expert)I have provided 2 different examples below for the same type of event in order shed light on the difference in scores based on geographic locations:
EXAMPLE 1 (remember, the numbers are simply a best guess, so don’t fret about getting them exact)
Impact area: Water Wastewater Sector in New OrleansThreat = 1 Sub-freezing temperatures for extended period of time (uncommon occurrence)
Vulnerability = 9 (most water systems in New Orleans are not designed for such an event)
Consequence = 7 (2018 storm reflected a significant impact on the water system)1 x 9 x 7 = 63
Risk score = 63 (this a relative score would be ranked against other risk assessments)
EXAMPLE 2 (remember, the numbers are simply a best guess)
Impact area: Water Wastewater Sector in Denver, Colorado
Threat = 9 (Extended periods of sub-freezing weather is common)
Vulnerability = 1 (Colorado regulations insure that water systems are designed for such an event)
Consequence = 3 (extreme freezing weather has some impact on water systems but no major impacts)9 x 1 x 3 = 27
Risk score = 27 (this a relative score would be ranked against other risk assessments)
RUBRIC
Excellent Quality
95-100%
Introduction 45-41 points
The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Literature Support
91-84 points
The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Methodology
58-53 points
Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met.
Average Score
50-85%
40-38 points
More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided.
83-76 points
Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration.
52-49 points
Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met.
Poor Quality
0-45%
37-1 points
The background and/or significance are missing. No search history information is provided.
75-1 points
Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration.
48-1 points
There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met
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Risk Analysis Formula Essay Assignment