Which of the following answer BEST relates to the type of risk analysis that involves committees, interviews, opinions and subjective input from staff?
Correct Answer: A
Explanation/Reference:
Explanation:
Qualitative risk analysis methods walk through different scenarios of risk possibilities and rank the seriousness of the threats and the validity of the different possible countermeasures based on opinions. (A wide sweeping analysis can include hundreds of scenarios.) Qualitative analysis techniques include judgment, best practices, intuition, and experience. Examples of qualitative techniques to gather data are Delphi, brainstorming, storyboarding, focus groups, surveys, questionnaires, checklists, one-on-one meetings, and interviews. The risk analysis team will determine the best technique for the threats that need to be assessed, as well as the culture of the company and individuals involved with the analysis. The team that is performing the risk analysis gathers personnel who have experience and education on the threats being evaluated. When this group is presented with a scenario that describes threats and loss potential, each member responds with their gut feeling and experience on the likelihood of the threat and the extent of damage that may result.
Incorrect Answers:
B: Quantitative Risk Analysis assigns a monetary value to impact of a risk. This is not what is described in the question.
C: Interview Approach to Risk Analysis is not one of the defined risk analysis types.
D: Managerial Risk Assessment is not the best type of risk analysis that involves committees, interviews, opinions and subjective input from staff.
References:
Harris, Shon, All In One CISSP Exam Guide, 6th Edition, McGraw-Hill, New York, 2013, p. 89