Gartner Research

A Pragmatist’s Guide to Information Risk Quantification

Published: 24 January 2017

ID: G00346774

Analyst(s): CIO Research Team

Summary

In this research, we outline a practical approach to information risk quantification, a process that aims to provide functions with results without being so precise that effort is wasted and the assessment does not hold up in meetings with business stakeholders.

Table Of Contents

Definition

Occasion

How to Think About Applying Rigor in Information Risk Quantification

Lessons for a Pragmatic Approach to Risk Quantification

Lesson 1: Recognize All Risk Assessments Entail Quantifying Risk

Lesson 2: Get to a Practical Degree of Precision

Lesson 3: Strive Toward Incremental Improvements in Information Risk Assessments

Lesson 4: Decompose the Problem into Knowns and Unknowns to Flush Out Areas of Uncertainty

Lesson 5: Build Flexibility into Your Model

Conclusion

About this Research

Recommended by the Authors

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