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EDPACS
The EDP Audit, Control, and Security Newsletter
Volume 32, 2004 - Issue 3
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Original Articles

Risk Analysis and Risk Management

 

Abstract

Risk management is the process that allows business managers to balance operational and economic costs of protective measures and achieve gains in mission capability by protecting business processes that support the business objectives or mission of the enterprise. Senior management must ensure that the enterprise has the capabilities needed to accomplish its mission. Most organizations have tight budgets for security. To get the best bang for the security buck, management needs a process to determine spending.

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