Do anyone in the past ever asked you to assign an event for a particular result and also requested to put forth any prediction from starting till end for any material or manpower need to produce products or provide services? By doing this what is your feeling? I have process from both sides, going through the estimates prepared by someone else, then after finish preparing from my end, to me it was a very difficult part to be completed. It is difficult to put security risk analysis for meaningful use. Just for the reason that the answer cannot be given in just yes or no. sometime our estimation just go drastically wrong just because we are lacking in required data that is the reason either sometime we are over estimate or some time we under estimate a particular result. Beside that we don’t have the knowledge which is required. Let us have a deeper look at the assessing Risk Requirements to assess Risk: Let us a closer look what actually required to assessing risk. For any business condition, you need to follow certain things. 1. Identify the risks 2. Estimate the potential impact of each risk. 3. Develop a course of action should the risk be realized 4. Put meaningful use security risk analysis The best instance of risk is you can lose a good supplier or it even includes loss of large number of customer, a steep increase in the cost of the material or service that you require, replacement product like instead of natural gas it can be a coal and also kind of government regulation according to which you costing more money. This is very important and you should be always informed by your employees over this conditions make yourself aware of all the things going in the market. Without the knowledge of anything risk identification cannot be done or in other terms it is impossible. If you have experts available just have conversation with them, and depose your confidence on your team who are the best thinkers. These people generally have idea over the threat and opportunities. Once you come across the risk, you need to identify the impact of the threat. Follow this if you try its simple, each of the risk you come across it better to know its conditions level whether it is low or medium or high. If it’s low it means 25% chance of happening, medium 50% probability and high has 80% chances of happening. Summary: Identifying the risks and putting them to meaningful use are important as well as knowing the impact of the threat.
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