Risk Modeling - (30 Points) - Complete the 3 columns in YELLOW as indicated and add an overall summary at the end 1) Facts - without any real analysis (yet), what do the numbers alone tell you about the change in risk? 2) Isolation - analyzing the risk item (line) by itself, what do you think the line represents in terms of possible risk management actions? 3) Holistic - analyzing the risk item (line) in the context of the other risks (other lines), what do you think the risk line represents in terms of the OVERALL risk story-comparing it to the other risks? Facts e Isolation Holistic Risk #e Inherent Controlled Impact Probability Total Impact Probability Total Ex: 5 5 25 5 1 5 Heavy reduction and probably strong reliance on controls. Need to monitor ongoing that Risk reduced by the controls are still intact 80% due to since highly dependent. Can reduction in P. No residual be transferred now actions taken it that risk is reduced to seems to reduce le reasonable level? Reduction to 5 ....? 4 4 16 3 3 9 One Two 3 3 9 2 2 4 Three 3 3 9 1 1 1 Four 4 4 16 4 3 12 Five 5 2 10 2 2 4 1 le Six 5 3 15 3 2 6 Sevene 2 2 4 2 1 2 Eight 5 5 25 5 4 20 Nine 3 3 3 3 3 9 9 117 e Totale e 68 Overall Commentary: Risk Modeling - (30 Points) - Complete the 3 columns in YELLOW as indicated and add an overall summary at the end 1) Facts - without any real analysis (yet), what do the numbers alone tell you about the change in risk? 2) Isolation - analyzing the risk item (line) by itself, what do you think the line represents in terms of possible risk management actions? 3) Holistic - analyzing the risk item (line) in the context of the other risks (other lines), what do you think the risk line represents in terms of the OVERALL risk story-comparing it to the other risks? Facts e Isolation Holistic Risk #e Inherent Controlled Impact Probability Total Impact Probability Total Ex: 5 5 25 5 1 5 Heavy reduction and probably strong reliance on controls. Need to monitor ongoing that Risk reduced by the controls are still intact 80% due to since highly dependent. Can reduction in P. No residual be transferred now actions taken it that risk is reduced to seems to reduce le reasonable level? Reduction to 5 ....? 4 4 16 3 3 9 One Two 3 3 9 2 2 4 Three 3 3 9 1 1 1 Four 4 4 16 4 3 12 Five 5 2 10 2 2 4 1 le Six 5 3 15 3 2 6 Sevene 2 2 4 2 1 2 Eight 5 5 25 5 4 20 Nine 3 3 3 3 3 9 9 117 e Totale e 68 Overall Commentary