What is the process called where costs and benefits of alternative countermeasures are compared to select the most appropriate one?

The process of comparing the costs and benefits of alternative countermeasures is known as cost/benefit analysis. This methodology is utilized to evaluate different options by assessing their financial implications alongside their potential to mitigate risks or enhance security. In a risk management context, organizations weigh the costs of implementing a countermeasure against the benefits it would provide, such as reduced vulnerability or improved security posture. This systematic approach enables decision-makers to identify the most effective and efficient solution tailored to their specific needs and resources.

Cost/benefit analysis is instrumental in making informed choices about investing in security measures, ensuring that decisions are based on measurable factors and aligned with the organization’s risk management strategy, particularly in the context of Department of Defense security programs. By focusing on this process, organizations can optimize their allocation of limited resources while maximizing security outcomes.