Protection of Organizations Assets Essay Example | Topics and Well Written Essays - 3000 words

Protection of Organizations Assets - Essay Example The first is the measurement of the actual risks to the organisation. The second part, based on the identified risks, is an audit. This is the measurement and identification of the steps that the organisation has or has not taken to meet and nullify the risks. There are however other issues that have to be considered throughout the discussion and this would be related to delineating the organisation's assets, specifying the security risks, understanding why there are security risks within an organizations and what are these risks and how these can be measured and identified. It is also necessary to understand how these security risks could be determined and what are the methods used for analysis and examination of these security risks. These are issues that have been elaborated on in this discussion and the methods for analysis of security risks are discussed in a step by step approach. This is dealt with in the methodology section and shows the various methods used for determining the risks of any business and especially the risks that have to do with security of an organization and in management and protection of assets within a business organisation or company. A literature review is drawn up here considering recent studies on risk assessment and perceived threats to a business organization. Several kinds of risks are highlighted and this would relate to security, management, information technology and privacy, operations and decision making. In a recent paper, Jones (2007) discusses the possibilities and needs of developing a framework for information security assessments in any organisation and a risk framework is essentially used to describe the components of security risk management within an organisation. The framework is also used to identify, assess and treat the risk exposure of an organisation and provides certain regulations that are used by board members, staff and management for improved communication and understanding. Risk management frameworks within an organisation provide the outline for implementation of security risk management and define the role of participants, employees and management within an organisation. The techniques supporting risk management in product development philosophy have been analyzed by Ahmed et al (2007) and a standard for product development in CE has been identified. The applicability of processes in risk management, risk identification, assessment as well as techniques for the context are considered within the risk management framework and the concept of managing risks has been gaining importance within global business focus and competition. A risk focused approach shows integration of several techniques with increased effectiveness of project management. Risk management tools are effectively used for the development of engineering and product development projects (Ahmed et al, 2007). The evaluations of risk related decisions could be driven by biases of risk propens ity and these could be categorized in terms of reference levels, assumption of accounting methods, bias or overconfidence, decision makers' perception, and desire for gratification. A study of biases can highlight decision making by executives using any representative and typical business decision. Decision makers usually face choice of several alternatives and Coleman (2007) studied decision making in several management executives and noted their attitudes and decision styles. Data were collected through electronic