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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.

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Length: 3-5 pages not including titles and reference pages.

References: Support your paper with a minimum of 5 scholarly resources

Your paper should demonstrate thoughtful consideration of the ideas and concepts presented in the course and provide new thoughts and insights relating directly to this topic. Your response should reflect scholarly writing and current APA standards.

 

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