Risk-benefit analysis in the IT profession is used to:

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Here is a step-by-step examination of each option in the context of risk-benefit analysis in the IT profession.
Option 1: 'Evaluate the potential risks associated with implementing new technologies against the expected benefits to ensure informed decision-making' This option aligns with the core purpose of a risk-benefit analysis: weighing potential downsides (risks) against anticipated gains (benefits) to support sound decisions about whether and how to proceed with a technology or project. It emphasizes informed decision-making, which is central to IT governance and project management.
Option 2: 'Assess only the financial risks involved, ignoring potential technical issues or user impact' This view is too narrow. While financial risk is important, risk-benefit analysis in IT also considers technical feasibility, security, reliability, performance, and user experience. Ignoring these aspects could lead to flawed decisions where a project is affordable but technically untenable or unacceptable to users.
Option 3: 'Prioritise risks that benefit the organization at the expense of user experience and security' This statement describes a misapplication of risk assessment. Effective IT risk management should protect user interests and security, not deprioritize them for organizational gain. Sacrificing user experience or security undermines long-term success and compliance.
Option 4: 'Focus solely on the benefits, assuming risks will be manageable later in the development process' This forward-looking optimism neglects the proactive identification and mitigation of risks. Relying on later-stage management often leads to escalating remediation costs, unaddressed vulnerabilities, and schedule slips.
In summary, option 1 presents a balanced, comprehensive view of risk-benefit analysis by comparing potential risks with expected benefits to support informed decisions, while the other options describe narrower, less responsible, or potentially dangerous approaches that overlook key considerations in IT risk management.

MCD1470 Engineering Practices / MCD4770 Professional Practice - Trimester 1 - 2025

Risk-benefit analysis in the IT profession is used to:

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