Risk Assessment

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Risk Assessment
It is a methodical course of action of pre-determining possible hazards expected in a given project. It involves finding out the possible threats, cross-examining the danger they would bring and find the correct ways to take care it (Wallace 117). Risk analysis is crucial in risk assessment. It is usually seen as a “dark art”- partially arithmetic, partially luck implication. However, effective risk analysis is just business- oriented verdict-support technique. It collects necessary information in order to come up with informed decisions that would account for susceptibility, hazards, results and any possible result. What disjoins a successful software risk assessment from a bogus one is its capacity to define definite risks of designing software then its ability to come up with the right lessening requirements.
While HIPAA ( Health Insurance Portability and Accountability Act ) risk analysis involves a number of direction outlines that would help corporations find out and effect the greatest useful hierarchical, mechanical and technological defenses to guard the privacy, originality, and presence of electronic health information (Verdon, Denis Gary 81). HIPAA risk assessment seeks to make sure that the safe measures of HIPAA, are upheld. In addition, risk analysis myths have become a bone of contention. These are misconceptions regarding the understanding of HIPAA(Verdon, Denis Gary 80).
SWOT analysis is a helpful system that gauges the strong points, weak points, opportunities and threats that affect things.

It makes it possible for companies to have a general idea of its strategic situation as far as Computer Science is concerned. It can be helpful in two ways. First, it drives people in one accord in the journey of beginning a plan creation and secondly, it is a great strategy tool. Also, threat resources are the prospective threats that would take advantage of weaknesses to bypass security measures and possibly create damage. Establishing risk value is approximated by calculating the possibility of a negative event taking place using the anticipated monetary value in would cause.
Works Cited
Verdon, Denis, and Gary McGraw. “Risk analysis in software design.” IEEE Security & Privacy
2.4 (2004): 79-84.
Wallace, Linda, Mark Keil, and Arun Rai. “Understanding software project risk: a cluster
analysis.” Information & Management 42.1 (2004): 115-125.