Risk Management and the Value of Information in a Defense Computer System

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Abstract:

The management of the risks associated with the operation and implementation of Information Systems is becoming increasingly important, due to the reliance upon these systems for a multitude of vital operations. The rapid growth and complexity in information technologies, as well as the overarching desire for enhanced interconnectivity, promotes vulnerabilities associated with these risks. Eliminating all risk is often technically, operationally and/or fiscally impossible. Therefore, the efficient management of such risks to these systems must be achieved. This paper presents potential improvements upon the current risk management process by incorporating value focused thinking. In this approach, the value of the information being protected or used serves as a focal point for prioritizing vulnerabilities requiring remedy, thereby allowing for the efficient reduction of risk inherent in today's information and information systems.

Descriptors: Value of Information, Decision Analysis, VFT, and Information Systems Risk Management
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  • Military Operations Research is the leading peer-reviewed journal publishing articles in the fields that describe operations research (OR) methodologies and theories used in key military applications.

    MOR specifically invites papers that are significant military OR applications. Of particular interest are papers that present case studies showing innovative OR applications, apply OR to major policy issues, introduce interesting new problem areas, highlight educational issues, and document the history of military OR.
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