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IS481 - Information Security Management Case Study Lab Assignment \#3 Controlling Risk Iris went into the manager's lounge to get a soda. As she was leaving, she saw Jane Harris the accounting supervisor at Random Widget Works, Inc. (RWW) - at a table, poring over a spreadsheet that Iris recognized. "Hi, Jane," Iris said. "Can I join you?" "Sure, Iris," Jane said. "Perhaps you can help me with this form Mike wants us to fill out." Jane was working on the asset valuation worksheet that Iris had designed to be completed by all RWW managers. The worksheet listed all of the information assets in Jane's department. Mike Edwards had asked each manager to provide three values for each item: its cost, its replacement value, and its ranked criticality to the company's mission, with the most important item being ranked number one. Mike hoped that Iris and the rest of the risk management team could use the data to build a consensus about the relative importance of various assets. "What's the problem?" Iris asked. "I understand these first two columns. But how am I supposed to decide what's the most important?" "Well," Iris began, "with your accounting background, you could base your answers on some of the data you collect about each of these information assets. For this quarter, what's more important to senior management-revenue or profitability?" "Profitability is almost always more important," Jane replied. "We have some projects that generate lots of revenue but operate at a loss." "Well, there you go," Iris said. "Why not calculate the profitability margin for each listed item and use that to rate and rank them?" "Oh, okay Iris. Thanks for the idea," Jane said. She then started making notes on her copy of the form. IS481 - Information Security Management Case Study Lab Assignment \#3