Risk management can be very complex and overwhelming. It is virtually impossible to consider every possible scenario during a risk analysis, however, there are methods available that can produce better results. Which of the following would provide the best results when carrying out a risk analysis?
A.
Do more qualitative analysis
B.
Use manual auditing
C.
Use existing automated tools
D.
Focus primarily on the critical assets
Explanation:
Automated tools that are used in risk analysis have a lot of the necessary questions
pre-programmed in, which allows the team to just enter the answers and helps to
ensure nothing has been missed. The tools also contain the necessary mathematical
formulas and different scenario parameters. This means that the team can enter the
information that has been gathered one time and the tool can run it through several
different scenarios. The tools can decrease the time involved in risk analysis and
provide better quality results, when compared to manual processes.