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-Business Driven Risk Analysis

-Business Driven Risk Analysis

Source publication
Conference Paper
Full-text available
Dynamic business environments require concurrent, distributed, and flexible architectures that must provide an agreeable level of reliability and acceptable level of trust. A three level undisruptive business driven planning process has been formulated using a risk analysis model that provides a justifiable direction for implementing a low risk sol...

Contexts in source publication

Context 1
... process aims to define strategic IT plans in line with the business priorities through the definition of a more formal approach to the assessment of risks. This assessment process, summarized in Figure 2, is driven by business priorities along with an assessment of logical and physical component solutions. Therefore, each organization"s specific situation and characteristics will be used to determine the most significant sources of business productivity, the business areas affected along with the risks that pose the highest impact and chance of happening. ...
Context 2
... each organization"s specific situation and characteristics will be used to determine the most significant sources of business productivity, the business areas affected along with the risks that pose the highest impact and chance of happening. The model in Figure 2 is used to define the relative risk priority based upon risks that have the highest business impact, which in turn drives the selection of technologies and solutions that are most useful for business. In other words, the impacts of risks plus constraints derived from the business is used to develop a comprehensive and low risk plan, which in turn leads to product selection choices that mitigate a given level of risks. ...
Context 3
... Understanding the risk impact and risk priority allows selection of solutions appropriate and cost-effective for a given risk  Risk impact analysis permit a more logical and appropriate phasing of implementation  Design and technology choices, including costs, are easily justified based upon this type of risk analysis The Risk Prioritization portion of the model shown in Figure 2 is the key aspect of this businessdriven approach. It will be described in more detail below. ...