Exam CISSP topic 1 question 7 discussion

Risk management is the process that allows IT managers to balance the operational and economic costs of protective measures and achieve gains in mission capability by protecting the IT systems and data that support their organizations' missions.

The correct answer is: D. Risk management Explanation: Risk management is the process of identifying, assessing, and prioritizing risks to balance the operational and economic costs of protective measures with the organization's mission capabilities and objectives. It involves: Identifying threats and vulnerabilities. Evaluating potential impacts and likelihoods. Implementing safeguards to reduce risks to acceptable levels. Other Options: A. Performance testing: Focuses on evaluating the performance of systems or applications (e.g., speed, reliability) but is not directly related to balancing security costs and mission goals. B. Risk assessment: A subset of risk management. It is the process of analyzing threats, vulnerabilities, and potential impacts but does not include implementing or balancing protective measures. C. Security audit: Involves reviewing and assessing security policies, controls, and compliance but does not directly facilitate balancing costs and operational gains.

Risk management is the process that allows IT managers to balance the operational and economic costs of protective measures and achieve gains in mission capability by protecting the IT systems and data that support their organizations’ missions. This process is not unique to the IT environment; indeed it pervades decision-making in all areas of our daily lives. Take the case of home security, for example. Many people decide to have home security systems installed and pay a monthly fee to a service provider to have these systems monitored for the better protection of their property. Presumably, the homeowners have weighed the cost of system installation and monitoring against the value of their household goods and their family’s safety, a fundamental “mission” need.

The correct answer is D. Explanation: The process that facilitates the balance of operational and economic costs of protective measures with gains in mission capability is risk management. Risk management is the process of identifying, assessing, and prioritizing risks, and taking steps to minimize, monitor, and control those risks. This involves balancing the costs and benefits of protective measures with the organization's mission and goals. By identifying and managing risks, an organization can make informed decisions about how to allocate resources and invest in protective measures that provide the greatest benefit to the organization.

D. Risk management facilitates the balance of operational and economic costs of protective measures with gains in mission capability. Risk management is a systematic approach to identifying, assessing, and prioritizing risks to organizational operations, assets, or individuals resulting from the operation of information systems and the information processed, stored, or transmitted by those systems. It involves evaluating the likelihood and impact of risks and implementing cost-effective measures to reduce them to an acceptable level. By considering the costs of implementing protective measures against the benefits of mission capability, risk management helps organizations make informed decisions about how to allocate their resources to achieve their security goals. Performance testing, security audit, and risk assessment are all important components of a risk management program.

Risk Management is correct. The keyword in Question is Balance.

D is correct answer. Risk Management.