Security Management and Governance

SECURITY MANAGEMENT AND GOVERNANCE 1
RISK MANAGEMENT
Name of the student:
Name of the university:
Student’s ID:

SECURITY MANAGEMENT AND GOVERNANCE 2
Executive summary:
Risk management is part of every business plan in order to achieve success. In order to
achieve success most of the company have maintained a particular management strategy.
This kind of management strategy is very much effective to prevent any kind of accidental
risk in their company.

SECURITY MANAGEMENT AND GOVERNANCE 3
Table of Contents
Briefly explain the benefits a Risk Management Plan can bring to a company and the steps
necessary to build one. Include a discussion on the importance of Contingency Planning to
PIA, as well as the risk analysis and CBA mentioned above.....................................................4
Contingency planning to PIA:................................................................................................5
Risk analysis:..........................................................................................................................5
Cost benefits analysis:............................................................................................................6
For the Patient Information area, list the threats, vulnerabilities, and attacks that your formal
plan would manage. This should not be an exhaustive, detailed list. Keep the focus on PIA’s
context........................................................................................................................................6
Work on this aspect and draw up a Risk Management Plan for it and include a
recommendation based on a Cost-Benefit Analysis...................................................................8
Where does the responsibility for the user and the vendor begin?..........................................10
Reference:................................................................................................................................12

SECURITY MANAGEMENT AND GOVERNANCE 4
Part- B
Briefly explain the benefits a Risk Management Plan can bring to a
company and the steps necessary to build one. Include a discussion on the
importance of Contingency Planning to PIA, as well as the risk analysis
and CBA mentioned above
A company’s risk management team follow and analyze different possible risks to prevent
and solve the upcoming risk of any company. Sometimes they categorize the risk in a
probabilistic approach that is very effective for the company. That means if it has a greater
chance to occur then definitely the risk management team of the company will monitor it
closely, work upon it and find possible solutions to reduce the risk as soon as possible. The
company PAI is one of the most reputed artificial intelligence companies in our country
which offers power service to our country (Marin et al. 2019). This company not only
offering power it generates and stores power for future use. It also offers various security
services to the customers. In the case of the security management system there are some
benefits which this company offers a follows:
 As this company deals with high-level technical parameters and artificial intelligence,
with the help of the software they offer, that can protect any sort of confidential data.
Any kind of marketing and business oriented data also can be protected with the help
of this security software.
 They have their own framework with the help of this the security services are always
been protected, upgrades and secured as well.
 Cyber attack is a very common problem in most of the information and technological
companies. As we discussed above PAI has their own framework thus with the help
of that programs they can prevent this kind of complexities and problematic scenarios.