Answer:
Risk management and measurement are both tools that help an organization develop tactics and strategies to minimize financial liability and support business continuity. Though one looks at risk from a holistic perspective and the other is used to quantify the risk to facilitate a company’s decision-making process.
Risk management is a proactive process of identifying, prioritizing, analyzing, and mitigating any internal or external risk. The purpose of risk management is to reduce the impact of undesirable and unforeseen risks.
On the other hand, risk measurement is a function of quantifying the probability and potential magnitude of the loss of any risk on an organization. It is an element of risk analysis and a critical tool that supports risk management.
Explanation:
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Answer: Analyze the organization's strategic plan
Explanation:
The initial step in the information system is to first analyze the strategic plan of the organization so that we can easily identify the main objective and challenge.
It is basically archived by enlisting the particular objective and function in the planning of information system in the organization.
All the remining option are involve in the remaining step of the information system planning not in the initial step.
Therefore, analyze the organization's strategic plan is correct as it is the first step of the information system planning.
Yes because science is natural and technology is man made
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