Video Description

This lesson focuses on Quantitative Risk Analysis which examines the following:

  • Asset value
  • Probability ARO (Annual rate of occurrence)
  • Impact EF (exposure factor)
  • Single Loss Expectancy (SLE) AV*EF= SLE
  • Annual Loss Expectancy (ALE): SLE*ARO=SLE
  • Cost of control
  • Cost/benefit analysis

This lesson also discusses risk determination which must take into account the following: - Evaluating magnitude of impact

  • Evaluating likelihood of threat

It is important to remember that you cannot eliminate all risks. You can reduce and mitigate but elimination just isn't possible.

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