Methods for Risk Assessment
Prepare and submit a term paper on Methods for Risk Assessment. Your paper should be a minimum of 2750 words in length. There are various tools and techniques that exist in this particular sector which can be beneficial to analyze to depict a better comprehension of risk management. OCTAVE is one of such risk assessment tools that has been used extensively in the domain of IT and computer science. OCTAVE which stands for Operationally Critical Threat, Asset and Vulnerability Evaluation includes a bunch of tools and techniques used towards analyzing and evaluating security-related aspects in the field of strategic assessment and planning. The methods are considered to be effective owing to their characteristics of flexibility which is ascertained as effective in dealing with varied situations (Reddick, 2011).The provided case scenario is for Becoming Company. The company offers products and services including training and inspirational materials such as videos, music and others to the customers within the sector it operates in. The vision of the business is to provide quality products and services to the customers or clients. The company intends to operate efficiently within the dynamic business environment with the help of the deliverance of diversified products and services. The idea of starting the business emerges from the personal experience and interest of the founder i.e. Ann Rogers who was a victim of anxiety and disorder. Research conducted by her on the aforementioned illness has yielded certain positive results with which she emerged with the therapy of changing the thoughts and behavioral habits of people. The therapy was developed with the use of electronic materials such as videos and music which was again a potential treatment for a behavioral disorder. Owing to the aspect that the therapy was effective for her to deal with her stress and disorder, she was further focused on sharing the same with others to help them with their medical and psychological conditions. .