How does an organization assess the value of a FAIR-based quantitative cyber risk management program? In this short video, RiskLens Regional Sales Director Joe Vinck covers #5 of the 5 P’s, the phases of a successful launch of a FAIR quantitative program—Performance – and describes how RiskLens sets up customers to meet their performance goals.
The 5 P’s to Start Quantitative Risk Management
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Purpose
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People
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Platform
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Process
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Performance
As Joe explains, a quantitative risk management program should meet two objectives:
Short term: Deliver business value to the organization quickly. “It’s critical to getting people bought in to this new concept.”
Long term: For many organizations, that’s gaining a wider advantage from their investment in RiskLens. “FAIR and RiskLens can absolutely be leveraged in domains outside of cyber and IT risk,” Joe says.
Watch the video to learn how RiskLens built into the project plan for one client an evolution from cyber to operational and enterprise risk management to “bring the same element of business value into other types of risk that were hugely important to the organization.”
