BUSINESS DRIVEN RISK ASSESSMENT - A Methodical Approach to Risk Assessment and Business Investment

David W. Enström, Siavosh Hossendoust

2008

Abstract

Dynamic business environments require concurrent, distributed, and flexible architectures that must provide an agreeable level of reliability and acceptable level of trust. A three level undisruptive business driven planning process has been formulated using a risk analysis model that provides a justifiable direction for implementing a low risk solution and selecting appropriate products. The methodology includes identification of “Risk Priority” through assessment of risks for: business effectiveness, logical IT solution architecture (PIM) aspects, and physical IT solution architecture (PSM) aspects. It also introduces a risk dependency analysis process as an aid in understanding relationships between architectural layers. This proposed methodology aids in understanding and prioritizing risks within the context of the organization; it has broadened the concept of a TRA into a risk controlled solution architecture domain.

Paper Citation

in Harvard Style

W. Enström D. and Hossendoust S. (2008). BUSINESS DRIVEN RISK ASSESSMENT - A Methodical Approach to Risk Assessment and Business Investment . In Proceedings of the Tenth International Conference on Enterprise Information Systems - Volume 3: ICEIS, ISBN 978-989-8111-38-8, pages 271-278. DOI: 10.5220/0001701602710278

in Bibtex Style

@conference{iceis08,
author={David W. Enström and Siavosh Hossendoust},
title={BUSINESS DRIVEN RISK ASSESSMENT - A Methodical Approach to Risk Assessment and Business Investment},
booktitle={Proceedings of the Tenth International Conference on Enterprise Information Systems - Volume 3: ICEIS,},
year={2008},
pages={271-278},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0001701602710278},
isbn={978-989-8111-38-8},
}

in EndNote Style

TY - CONF
JO - Proceedings of the Tenth International Conference on Enterprise Information Systems - Volume 3: ICEIS,
TI - BUSINESS DRIVEN RISK ASSESSMENT - A Methodical Approach to Risk Assessment and Business Investment
SN - 978-989-8111-38-8
AU - W. Enström D.
AU - Hossendoust S.
PY - 2008
SP - 271
EP - 278
DO - 10.5220/0001701602710278