Risk Analysis in System Development Process: A Crucial Phase | CISA Exam Prep

The Importance of Risk Analysis in System Development

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Question

A risk analysis is MOST useful when applied during which phase of the system development process?

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A. B. C. D.

C.

A risk analysis is a process that helps identify potential risks, threats, and vulnerabilities to an organization's information assets, as well as assess the likelihood and potential impact of those risks. The information gathered during a risk analysis can be used to develop an effective risk management plan.

In the system development process, a risk analysis is most useful when applied during the pre-implementation phase. This is the phase where the organization defines its requirements and specifications for the system, as well as evaluates potential vendors or suppliers.

During the pre-implementation phase, a risk analysis can help identify potential risks and vulnerabilities in the system design and implementation plan. For example, the analysis can help identify potential security risks, such as unauthorized access to data or system breaches, as well as operational risks, such as system downtime or data loss.

Identifying and addressing potential risks during the pre-implementation phase can help ensure that the system is developed and implemented in a way that minimizes risk and maximizes the likelihood of success. Additionally, addressing potential risks early in the system development process can save time and resources by avoiding costly redesigns or rework later in the process.

While a risk analysis can be useful in other phases of the system development process, such as testing and design, applying the analysis during the pre-implementation phase is critical to ensuring that the system is developed and implemented in a way that meets the organization's needs while minimizing potential risks.