Risk Management Explain the Difference Essay

The most effective security reporting procedure is to use the OCTAVE-based methodology. The reason why is because, they are utilizing solutions that will address the total nature of the threat in comparison with the others. For any kind of organization, this helps them to understand what kinds of issues that they could be facing and the impact that it will have on the entity itself. At the same time, it provides a workable formula that can be continually utilized through the various checklists and procedures that they have established. When you put these different elements together, they are illustrating how this kind of approach will help an organization to be able to effectively deal with a variety of threats. While allowing them to: effectively train personnel to understand the overall nature of what is taking place and how to quickly adjust to changes that are occurring. This is the point that an entity can be able to adapt to the various threats that they are facing.

Define which reporting methodologies are more appropriate and in what settings. Technical Security reporting or Security management assessment reporting. How do compliance initiatives affect the reporting methodology selected for a given Security Risk Assessment?

The most appropriate methodologies that can be used in a government setting include the FAA Security Risk Management Process and the NSA IAM procedure.The reason why, is because their methods are focused on understanding and addressing the overall nature of the threat. OCTAVE, FRAP and CRAMM are an effective tool to use for private corporations. This is because they involve greater amounts of flexibility and can be taught to various individuals through the standardized protocols that have been established. The compliance initiatives have an effect on the reporting methodology by: determining how and when these kinds of strategies will be utilized. This is having an impact on how an entity will respond to analyzing the threats that they are facing and the way that they are adjusting to what is taking place. These different elements are important, because they are illustrating how the overall focus will vary from one organization to the next based upon these variables.

Bibliography

Quantitative Analysis. (2011). Dictionary.com. Retrieved from: http://dictionary.reference.com/browse/quantitative+analysis

Landoll, D. (2006). The Security Risk Assessment Handbook. New York, NY: Taylor….....