Managing Risk in Information Systems, 3rd Edition

Identifying Assets and Activities Within Risk Assessment Boundaries

Asset valuation is the process of determining the fair market value of an asset, which is one of the first priorities of risk management. The asset value can be determined from the asset replacement value or either what the asset provides to the organization or the cost to recover the asset. The value can also be determined using a combination of both values.

After the value of the assets has been determined, then their importance can be prioritized. If an asset is worth $1,000, it may require one level of protection. If another asset is worth $1 million, that asset may require another level of protection.

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This section introduced assets and activities related to risk ...