Question 4 Quantitative Risk Analysis

4.1 The previous question provides an insight into the risk profile that the organisation needs to consider during the decision-making process.

Propose the reasons why the selected organisation would sanction a quantitative risk analysis?

4.2 There are two types of risk registers namely with and without aggregation. Differentiate between these two types of risk registers?

4.3 Using the risk register derived in question 3.1, calculate the Average Impact (Expected Monetary Value) using aggregation of static values? (10 marks)

Students may use estimated values and state any assumptions during the estimation.

4.4 Summarise what does this average impact value means for the organisation.

Question 5.

Quantitative Risk Analysis

5.1 Using the risk register from question 3.1, calculate the 5 possible Expected Monetary Values using the aggregation of the risk driven occurrences methodology?

Students may use estimated values and state any assumptions during the estimation.

5.2Discuss the result of this methodology using an appropriate diagram?

5.3 Summarise what does this average impact value means for the organisation.