Published: 24 January 2017
Analyst(s): CIO Research Team
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.
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
About this Research
Recommended by the Authors
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