Analysis as part of risk management to protect the system and its assets

• Main Author: Martin MAŠĽAN
• Format: Article
• Language: English
• Published: University of Security Management in Košice 2018-12-01
• Series: Košická bezpečnostná revue
• Subjects: Risk Management; Analysis; Extraordinary event; Value of the Risk; Risk Assessment; Preventive and Corrective Measures; Protected Asset
• Online Access: http://kbr.vsbm.sk/2018/n2/maslan.pdf

Risk analysis and proper use of existing analytical methods are one of the basic assumptions of a proper risk assessment. The use of individual methods depends on the nature of the system under consideration, the amount of the necessary costs, the availability of the necessary data, and the possibility of using quantitative methods When estimating the likelihood of occurrence of risk phenomena, information may be drawn, for example, from historical and statistical data which will be used for estimate and quantify future developments. If such data is not available, it is possible to use prediction with qualitative data, which is then necessary to be subjected to further analysis. The assumption of an effective risk assessment is their identification, analysis and subsequent evaluation. The risk values obtained are the basis for setting the measures that are necessary to minimize them, ie adjusting them to an acceptable level.