Developing a successful business case for the acquisition of information security software products can BEST be assisted by:
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A. B. C. D.C.
Calculating the return on investment (ROI) will most closely align security with the impact on the bottom line.
Frequency and cost of incidents are factors that go into determining the impact on the business but, by themselves, are insufficient.
Comparing spending against similar organizations can be problematic since similar organizations may have different business goals and appetites for risk.
Developing a successful business case for the acquisition of information security software products involves analyzing and evaluating various factors related to the organization's security needs, potential risks, and the benefits of implementing the software. Among the given options, calculating return on investment (ROI) projections would be the most effective in assisting in developing a successful business case.
ROI is a financial metric that measures the profitability and efficiency of an investment by comparing the cost of investment against the expected return. In the context of information security software, calculating ROI projections would involve estimating the cost of the software and its implementation, as well as the potential benefits of reduced risk, improved security, and increased productivity. The ROI analysis would help in determining whether the investment is financially feasible and provides a positive return.
Assessing the frequency of incidents and quantifying the cost of control failures are important considerations in evaluating the organization's security needs and potential risks. However, they do not provide a complete picture of the financial impact of the software investment. For example, even if the frequency of security incidents is low, the cost of a major security breach could be significant, making the investment in security software worthwhile. Similarly, comparing spending against similar organizations may provide some benchmarking information, but it may not reflect the unique security needs and risks of the organization.
In summary, calculating ROI projections is the most effective approach to develop a successful business case for the acquisition of information security software products as it provides a comprehensive analysis of the financial impact of the investment, including the potential benefits and costs.