Advanced Risk Management
1. Use the Risk = Threat x Vulnerability x Cost model to define each component of both scenarios.
Define the quantitative means of a disaster, how it applies to your examples and whether risk assessment strategies could have prevented the examples used.
Using Cost Benefit Analysis, examine how the private sector rates threats to its assets and apply to one working example. Make sure to consider:
a. The identification of the assets
b. How the threats are rated along the decision matrix
c. Applying prevention. Control and recovery to your example
4. Explain the VSAT, ORM and Carver+ Shock models of assessment. Which is more valuable and why? Apply the one you choose as more valuable to an example of a manmade or natural disaster and apply the principles within the model.
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