Risk Assessment Report Case Study of VIC Government

Running head: RISK ASSESSMENT AND ANALYSIS
Risk Assessment and Analysis
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1RISK ASSESSMENT AND ANALYSIS
Table of Contents
Introduction......................................................................................................................................2
1. Illustration of Security Risks and Threats in VIC Government..................................................2
2. Explanation of the Diagram and Categorization of Risk Factors................................................3
2.1 Description of the components of diagram............................................................................3
2.2 Classification of Risk Exposure Areas..................................................................................6
3. Comparison and Ranking of Accidental and Deliberate Threats................................................6
4. Security and Risk Management Challenges for VIC government...............................................7
5. Comparing Risk and Uncertainty................................................................................................8
6. Risk Mitigation and Management...............................................................................................8
Conclusion.......................................................................................................................................9
References......................................................................................................................................11

2RISK ASSESSMENT AND ANALYSIS
Introduction
The case study of VIC Government had been selected for analysing the effective
development of the risk assessment report. The inclusion of the effective and smart development
methodology would be helpful for developing the operations of VIC government. According to
Steinberg (2016), the development of the operations would be helpful for integrating the
operations of the organization and it would be helpful for forming the integration of the smart
operations in the organization. The development of the systematic flow of operations would help
the organization for forming the accurate and systematic development of the operations.
The following assignment had been developed for integrating the risk assessment in the
operations of the information system development for VIC government. The report had
considered the evaluation issues and threats by implementation of the effective analysis method.
The evaluation of the security risks and threats in the VIC government had considered the
development of a diagram using Microsoft Visio and it had pointed out the various threats and
risks of implementing information system in the organization.
1. Illustration of Security Risks and Threats in VIC Government
The risk analysis for the development of the information system in VIC government had
been employed for forming the accurate and smart tools for analyzing the development of the
information system of VIC government. The diagram had been constructed in the Microsoft
Visio and it represents the components of the risk and threats acting on the information system
that is being implemented in the VIC government. The following diagram has been constructed
for representing the various threats and risk factors,

3RISK ASSESSMENT AND ANALYSIS
Figure 1: Factors of Risk and Threats in information system of VIC Government
(Source: Created by the author in Ms-Visio)
2. Explanation of the Diagram and Categorization of Risk Factors
2.1 Description of the components of diagram
As opined by Perera, R., & Nand, P. (2015), the components of the diagram made for the
analysis of the risk factor and develops the effective and smart risk assessment. The
implementation of the developed processes would help in forming the accurate and effective
operations for the development of the organization. The system integration would be helpful for
realizing the impact of the operational development of the operations. The components of