An organization has identified the need to implement an asset tiering model to establish the...

Implementing an asset tiering model to establish the appropriate level of impact is best served by a quantitative risk assessment methodology. This approach provides a numeric value to the risk levels, which is crucial for accurately tiering assets.

Quantitative Risk Assessment:

Numeric Values:Quantitative methods assign numerical values to the probability and impact of risks, which allows for precise calculations of risk levels. This precision is essential when establishing tiers for assets based on their impact levels.

Data-Driven Decisions:These methods use statistical data and models to predict potential losses and the probability of various risk events, leading to more informed decision-making.

Asset Tiering Model:

Impact Assessment:Quantitative methods allow for detailed impact assessments. By using numeric values, it is easier to compare the potential impacts of different assets and categorize them into appropriate tiers.

Resource Allocation:Precise risk calculations help in the effective allocation of resources. Higher-tier assets (those with higher impact) can be allocated more resources for protection.