Project Risk Management Methodology
Methodology Comparison
From the e-Activity, choose one project risk management methodology (not ATOM), compare and contrast the steps of the methodology you chose with ATOM. Provide an example of how each methodology is clearly used.
Regardless of the methods used for project risk management, the fundamental steps are the same, and they are roughly as listed below and used in this order:
Identify, characterize threats
Assess the vulnerability of critical assets to specific threats
Determine the risk (i.e. The expected likelihood and consequences of specific types of attacks on specific assets)
Identify ways to reduce those risks
Prioritize risk reduction measures based on a strategy
Taxonomy-Based Risk Identification
Taxonomy-based risk identification is a very approach to project risk management that utilizes a breakdown of possible risk sources that is synthesized with best practices knowledge to create a questionnaire. The answers to the questions can facilitate the systematic and repeatable identification of risks. This evidence-based method has undergone testing in active government-funded defense and civilian projects, and has been shown to be useful for risk assessment and for continuous improvement of the method processes. Results of the field tests encouraged the claim that the described method is useful, usable, and efficient.
An...
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