This is the final part of the description of the risk machine. It shows how the complete risk assessment according to probability of risk occurence and financial impact is summarized: All basic scenarios either for the availability or the security branch are specified according to probability, total financial impact and the resultant expeted value. You… Continue reading Risk Machine – Summary
Tag: financial impact
Risk Machine -Accessment of financial impact
This part is about the assessment of the financial impact of a risk. In this model the financial impact is assessed according to the following categories: External costs: invest in hardware, software, licences, freelancer,… Calculated costs: loss in sales, decline in value, … Loss in profit: loss in new-client sales Internal Effort: loss in produktivity… Continue reading Risk Machine -Accessment of financial impact
Risk Machine
One part of my profession is risk management for an internet company in germany in an IT operation department. I process risk management now for more than five years and the most unsystematic part was the assessment of the risks. It had something of a Turkish bazaar when I brought the necessary experts together and… Continue reading Risk Machine
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