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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 ...
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.
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]
The Risk Management Framework (RMF) is a United States federal government guideline, standard, and process for managing risk to help secure information systems (computers and networks). The RMF was developed by the National Institute of Standards and Technology (NIST), and provides a structured process that integrates information security ...
Many NIST publications define risk in IT context in different publications: FISMApedia [9] term [10] provide a list. Between them: According to NIST SP 800-30: [11] Risk is a function of the likelihood of a given threat-source’s exercising a particular potential vulnerability, and the resulting impact of that adverse event on the organization.
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