Risk Analysis Methods - Research Paper Example

Comments (0) Cite this document
Summary
The researcher of this essay aims to analyze risk assessment methodologies. The latter is used for threat detection, clarifying the vulnerability of big processes, evaluating the risks of loss of assets, the chance of an occurrence of the suggested threats in some infrastructure or system…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER91.8% of users find it useful
Risk Analysis Methods
Read TextPreview

Extract of sample "Risk Analysis Methods"

Download file to see previous pages tifying threats, accessing the vulnerability of critical processes, evaluating the impact on the assets, infrastructure or system given the probability of an occurrence of these perceivable threats. There are lots of risk assessment methodologies that are used to critically evaluate the risks that can occur on critical infrastructure. Almost all of these models follow a predefined approach that is common to all the methods and the approach contains certain specific elements. The common elements that are present are identification of classification of threats, identification of the vulnerabilities that are present and evaluating the impact of the threats (Giannopoulos, Filippini and Schimmer, 2012). These three steps are common to all risk assessment methods and form the backbone of any risk assessment methods. The factors that are used to differentiate in between the risk assessment methods are
MSRAM model or Maritime Security Risk Analysis Model is a model that has been designed by the US coast guard for the purpose of mitigating the risk of terrorist attacks on US ports and waterways MSRAM was developed as a captain of the port level risk analysis tool soon after the incident of 9/11 occurred. As per the DHS strategic plan 2008-13, since it is not feasible to secure the United States again all possible forms of attacks that may occur or any other threats that may arise, they have made risk management as the primary basis of policy and resource allocation decision making. A principal of US coast guard operation is risk management. The task is challenging due to the fact that the organization is engaged in multiple missions. This however forms one of the criteria of US coast guard decision making. The ultimate aim is to form an integrated performance management system that is used for measuring risk, readiness and ROI.
The first step in the risk management model is to understand the risk that is existent in the system. Understanding risk has several dimensions ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(Risk Analysis Methods Research Paper Example | Topics and Well Written Essays - 2250 words, n.d.)
Risk Analysis Methods Research Paper Example | Topics and Well Written Essays - 2250 words. Retrieved from https://studentshare.org/information-technology/1868157-risk-analysis-methods
(Risk Analysis Methods Research Paper Example | Topics and Well Written Essays - 2250 Words)
Risk Analysis Methods Research Paper Example | Topics and Well Written Essays - 2250 Words. https://studentshare.org/information-technology/1868157-risk-analysis-methods.
“Risk Analysis Methods Research Paper Example | Topics and Well Written Essays - 2250 Words”, n.d. https://studentshare.org/information-technology/1868157-risk-analysis-methods.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Risk Analysis Methods

Quantitative Methods and Analysis

...for data collection is field study. This can help the researcher get information that either no one had cared to share or could not share. This gives an insight of things that are normally kept a secret and might give you a lead to do something worthwhile. Fourth method of research is transcript analysis. This means that once you get your hands on important files or documents, dig in and look for the information you and others have missed. Documents normally hold all the relevant information required by a researcher. These hold information that is not even at the back of the mind of others related to the area of research. The fifth method of collection of data is to collect information...
4 Pages(1000 words)Essay

Quantitative Methods and Analysis

...of desired precision. If we increase the distance from the mean that is permissible for the mean dollars spent by each card holder to $70 at the same confidence level, the sample size becomes: We can see that a slight increase (from 55 to 70) in the marginal error that is acceptable to the researchers lead to a decrease in the required size drastically (from 623 to 385). References Cohen, L., Manion, L., & Morrison, K. (2007). Research Methods in Education, 6th ill. ed. NY: Routledge. Levin, R.I., & Rubin, D.S. (2007). Statistics for Management, 7th ed. New Delhi: Dorling Kinderseley (India) Pvt. Ltd. Stattrek. (2011). Confidence Level. [Online]. Available at:...
3 Pages(750 words)Essay

Quantitative Methods and Analysis

...?Running Head: QUANTITATIVE METHODS AND ANALYSIS Quantitative Methods and Analysis College] Quantitative Methods and Analysis Section I Introduction According to Locke (1976), job satisfaction is defined as a pleasurable and positive emotional state resulting from the appraisal of one’s job experiences. Various antecedents to job satisfaction have been investigated over the years, including compensation, opportunity for advancement, work environment, and organizational environment (Schneider, Gunnarson, & Wheeler, 1992). This paper examines the relationship between employee benefits and job satisfaction. It is expected that increase in...
4 Pages(1000 words)Essay

Quantitative Methods and Analysis

..., the most reliable survey is the political survey, since the sample size is large and diversified; therefore, the errors that affect small sample size surveys are eliminated. Application: Copy of Survey The sample survey conducted is an analysis of the reactions of people to the effects of the Internet on social behaviors and networking. Specifically, the poll aims to determine whether individuals consider the Internet and Social networking sites as bad for traditional socializing methods. The other aim of the poll is to determine the influence fo age on perceptions about the Internet. The questions and expected results from the survey were: How old are you? Do you think the Internet is good for social...
3 Pages(750 words)Essay

Risk Prediction of Automobiles

... and the normalized losses. While the former determines the degree to which an automobile is risky than its price indicates, the latter provides the estimate of the relative average loss of payment per insured vehicle year. One of the most prominent risk analysis methods that are in use today in various insurance companies is the insurance risk factor profiling technique... , 1996). An example of such profiling is as shown below: Fig: risk factor profiling technique (Found at: www.roselladb.com) However, the above method demonstrates the fact that there would be a large difference in the case where the insurance claim would be dependent on a number of factors/reasons. As such, the construction...
8 Pages(2000 words)Research Paper

Case Analysis (Legal Methods)

...Read carefully through the speech of L.J Scott in the attached law report of the decision in Mirvahedy v Henley (2003), and answer the following questions (each part of the question will be allocated the percentage of marks indicated in the brackets): (a) What were the material facts of the case? (10%) (b) What was the legal issue(s) which the court had to decide? (10%) (c) What approach to statutory interpretation did L.J. Scott take in his speech? (30%) (d) In what way(s) did he deal with precedents? (30%) (e) What do you think the ratio decidendi of Mirvahedy v Henley is on the basis of reading this speech? (20%) The material facts of the case centre on the liability of the defendants in respect of the injuries caused... carefully through...
4 Pages(1000 words)Essay

Quantitative Methods and Analysis

.... It presents in-depth information that can be critically evaluated due to small number of candidates (Lodico & Spaulding, 2010). Disadvantages Interviews generally includes small sample size, it consumes administrator’s too much time. After conducting an interview, the analysis and inference of data is complex and requires ample time (Lodico & Spaulding, 2010). References Bluman, Allan G. (2004). Elementary Statistics (5th ed.). U.S.A: McGraw Hill. Dörnyei, Zöltan and Taguchi, Tatsuya. (2010). Questionnaires in second language research. (2nd ed.). New York, NY: Taylor & Francis. Lodico ,Marguerite G., Spaulding, Dean T. and Voegtle ,Katherine H. (2010). Methods in Educational Research: From Theory to...
1 Pages(250 words)Essay

Quantitative Methods and Analysis

...1. Problem A faster loan processing time increases the productivity of a bank and also leads to greater satisfaction. Let us take the example of a bank in which the bank manager wants to calculate the average loan processing time and establish a baseline for the same. Also his main purpose is to compare this average processing time with that of a competitor famous for quick loan processing. According to market information collected by his staff, the competitor claims its average processing time to be 6 hours (One-sample T-test, 2007). 2. Methodology for testing The financial analyst in the bank makes note of the processing times for 16 applications in the past month on a random basis. The mean and standard deviation... Problem A faster loan...
2 Pages(500 words)Essay

Quantitative Methods and Analysis

...different portfolios can be determined so as to diversify and avoid investing in similar ventures. A business can also use correlation analysis to find out how different factors affect the sales volume. In the evaluation of learning, the study of correlation can effectively illuminate various issues that account for the disparities in learning abilities of the students (Adrich, 2008). The study of correlation is therefore very relevant not only in the social sciences but in entirely all sectors of human life. References Adrich, J. (2008). Rank Correlation. New York: Harper-Collins. Cohen, J. (2002). Applied Multiple Regression. New York: Paragon Books. Kendall, G. (2008). Introduction to Statistics. Oxford: Oxford...
1 Pages(250 words)Essay

Class student dicussions answers

...Question Pavitar) I agree with Pavitar that the difference between quantitative risk analysis methods and qualitative risk analysis methods is with the data that are used in quantitative methods. In quantitative methods, data is used to measure quality. There are some data that have been collected to gauge how risky something is. In qualitative risk analysis, there is some scale that is used to measure the quality of a risk. The scale has been determined before and, so the parameters that are considered are looked into. In the last pages, Pavitar also...
1 Pages(250 words)Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Research Paper on topic Risk Analysis Methods for FREE!

Contact Us