In any corporation, the role of information in decision making is essential. All of the effective decisions are created on the basis of timely, exact and relevant information. A business where the relevant information is not available, it causes poor planning, poor priority of needs, unacceptable decision making, and defective scheduling of programs and activities. The importance of information for proper decision making led to the development of management information system for organizations. The management information system in decision making seeks to develop something for the viable and effective use of modern information procedure in the modern management practices (Laudon and Laudon, 2009).
The objective of this report being submitted to the worried users of the mother board including the President is two-fold; one to point out the huge benefits as well as challenges of using OCTAVE Allegro method and second, to provide suggestions to beat these problems.
This report explains RIT's approach towards creating a School Risk Control and Mitigation Plan, and the components involved with executing a risk assessment and vulnerability evaluation for the University. This document does not concentrate on how to carry out a security risk assessment but it offers a research guide so that the strategy and deliverables are aligned with respect to exterior as well as inner auditors. This article identifies the key challenges in implementation of the advised model and also suggests research needs that can help enhance the resilience of the University.