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Scenario 2 - A Risk Audit of a Very Small Business: Please read the attached case study and answer the below questions. 1) Based
Scenario 2 - A Risk Audit of a Very Small Business: Please read the attached case study and answer the below questions. 1) Based on all the methodologies and frameworks explored this semester, what approach would you choose to implement for this organization? Provide a case-specific justification for your selection that specifies how your choice fits and is appropriate for this organization. (15 points) 2) Assume that you have selected a qualitative approach to risk management. You have created a heat map and risk register that prioritize risks. You present the heat map and risk register and are met with the following questions. How would you respond based on the case study? (15 points) a. I don't understand why I need to do risk management - I have a very small business and I don't find this useful. Why should I spend time and potentially money on this? b. This risk about vulnerabilities associated with my website and shopping cart says it is red and 20. How is this useful information to my organization, and what can I do with it?
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