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Good project risk management depends on supporting organizational factors, having clear roles and responsibilities, and technical analysis. Chronologically, project risk management may begin in recognizing a threat, or by examining an opportunity. For example, these may be competitor developments or novel products.
In 2003, OCTAVE [6] (Operationally Critical Threat, Asset, and Vulnerability Evaluation) method, an operations-centric threat modeling methodology, was introduced with a focus on organizational risk management. In 2004, Frank Swiderski and Window Snyder wrote "Threat Modeling," published by Microsoft press. In it they developed the concept of ...
Project risk management must be considered at the different phases of acquisition. At the beginning of a project, the advancement of technical developments, or threats presented by a competitor's projects, may cause a risk or threat assessment and subsequent evaluation of alternatives (see Analysis of Alternatives).
Once a threat and/or vulnerability has been identified and assessed as having sufficient impact/likelihood on information assets, a mitigation plan can be enacted. The mitigation method is chosen largely depends on which of the seven information technology (IT) domains the threat and/or vulnerability resides in.
In project management, risk assessment is an integral part of the risk management plan, studying the probability, the impact, and the effect of every known risk on the project, as well as the corrective action to take should an incident be implied by a risk occur. [41]
Project vulnerability is the project's susceptibility to being subject to negative events, the analysis of their impact, and the project's capability to cope with negative events. [5] Based on Systems Thinking, project systemic vulnerability management takes a holistic vision, and proposes the following process: Project vulnerability identification
Currently, the Project Management Institute (PMI r) has a team of SMEs working on a Practice Standard for Risk Management. This team has identified one very good tool: the Risk Breakdown Structure (RBS). The RBS helps the project manager, the risk manager, and almost any stakeholder to understand, and therefore be able to identify and assess risk.
The goal of a security assessment (also known as a security audit, security review, or network assessment [1]), is to ensure that necessary security controls are integrated into the design and implementation of a project. A properly completed security assessment should provide documentation outlining any security gaps between a project design ...