Question

He formal decision-making process used when considering the economic feasibility of implementing information security controls and safeguards is called a(n) __________.

Answer 1

He formal decision-making process used when considering the economic feasibility of implementing information security controls and safeguards is called a CBA

WHAT IS A CBA ?

CBA stands for cost benefit analysis .

Businesses utilize a cost-benefit analysis as part of a systematic procedure to determine which options to take and which to ignore.

The cost-benefit analyst adds up the potential benefits anticipated from a circumstance or course of action before deducting the overall expenses related to that course of action.

It has the following benefits -

1. Increased income and sales as a result of greater production or new goods.
2. Benefits that can't be seen, such higher employee morale and safety, as well as increased consumer satisfaction via better products or quicker delivery.
3. Gained market share or a competitive advantage as a result of the choice.

To learn more about CBA click here :

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