Hi @Vibhor. I loved this article, its comprehensive. Just one question. In the risk response section, you have put High or Medium Cost for each of the responses. How do you derive this scientifically (cost & effort), please elaborate or is it a gut feeling based on past experience? Thanks Krishna
Hi Krishna. At this point it's mostly gut feeling. We do not want to spend a lot of time on calculating the accurate cost and effort because "impact" which is a function of likelihood and severity also plays a major role.
Hi @Vibhor. I loved this article, its comprehensive. Just one question. In the risk response section, you have put High or Medium Cost for each of the responses. How do you derive this scientifically (cost & effort), please elaborate or is it a gut feeling based on past experience? Thanks Krishna
Hi Krishna. At this point it's mostly gut feeling. We do not want to spend a lot of time on calculating the accurate cost and effort because "impact" which is a function of likelihood and severity also plays a major role.