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NEW QUESTION: 1
Scenario:
A. Option D
B. Option B
C. Option A
D. Option C
Answer: B
NEW QUESTION: 2
Qualitative risk assessment uses which of the following terms for evaluating risk level?
Each correct answer represents a part of the solution. Choose two.
A. Impact
B. Single loss expectancy
C. Annual rate of occurrence
D. Probability
Answer: A,D
Explanation:
Explanation/Reference:
Explanation:
Unlike the quantitative risk assessment, qualitative risk assessment does not assign dollar values. Rather, it determines risk's level based on the probability and impact of a risk. These values are determined by gathering the opinions of experts.
Probability- establishing the likelihood of occurrence and reoccurrence of specific risks, independently,
and combined. The risk occurs when a threat exploits vulnerability. Scaling is done to define the probability that a risk will occur. The scale can be based on word values such as Low, Medium, or High.
Percentage can also be assigned to these words, like 10% to low and 90% to high.
Impact- Impact is used to identify the magnitude of identified risks. The risk leads to some type of loss.
However, instead of quantifying the loss as a dollar value, an impact assessment could use words such as Low, Medium, or High. Impact is expressed as a relative value. For example, low could be 10, medium could be 50, and high could be 100.
Risk level = Probability * Impact
Incorrect Answers:
B, D: These are used for calculating Annual loss expectancy (ALE) in quantitative risk assessment.
Formula is given as follows:
ALE= SLE * ARO
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