Asset evaluation question.

[VT]

Which of the following is not a useful item to consider when establishing the value of an asset?

A. Development cost

B. Intellectual property or equity value

C. Liability of asset loss

D. Classification level

[Anil Kumar K]

Development cost

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From: cissp...@googlegroups.com <cissp...@googlegroups.com> on behalf of VT <mgr...@gmail.com>
Sent: Friday, August 3, 2018 6:36:14 AM
To: CISSP Study Mailing List
Subject: [CCCure_CISSP_Talks] Asset evaluation question.

 

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[Venky T]

I answered that option too, but I got that wrong which I couldnt understand why, but according to that explanation the correct answer is "D". I saw the below mentioned explanation.

Classification level is assigned based on an asset’s value as well as its sensitivity and confidentiality. It is not used as a valuation element.

I think its "A" is the right answer. 

Anyone else can provide some feedback, much appreciated. 

-- Venky.T.

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[Anil Kumar K]

One may develop a product for $1000 and may be its value is only $100 to Company.

Classification gives the important value that asset hold and prioritise things.

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From: cissp...@googlegroups.com <cissp...@googlegroups.com> on behalf of Venky T <mgr...@gmail.com>
Sent: Saturday, August 4, 2018 1:06:54 AM
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Subject: Re: [CCCure_CISSP_Talks] Asset evaluation question.

 

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[Uday Kiran]

I have not scrolled down until I fixed the answer  my option was D. Let me explain why I chose this answer, if we think from Security perspective it may be some other option,however, if we see from ROI perspective and from management perspective it is the classification level who they don't care about it, for how much it is developed and how much we will get as a return is only they look at. Classification for only when we are deciding to keep the product for certain industries such  as military but in general this is the right answer. So the question doesn't mention for any certain industries the option D is correct. 

Correct me if I am wrong.

Regards

Uday Kiran 

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Regards,
Uday Kiran

[Anil Kumar K]

Classification is done to decide value and the controls required to be put in place to protect. Wrong classification will mess up things and affects ROI.

Organisations will look for replacement costs of assets and not the general development costs.

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From: cissp...@googlegroups.com <cissp...@googlegroups.com> on behalf of Uday Kiran <uda...@gmail.com>
Sent: Saturday, August 4, 2018 10:59:04 AM

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Subject: Re: [CCCure_CISSP_Talks] Asset evaluation question.

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[Corey Shimmel]

classification level are derived from asset value, you need to first identify how much that object/subject is worth to you

A. development cost / how many man hours and cost had to take place for the development of this product

B. Intellectual property or equity value / is this a trade secret that gives you the completive edge over another company make you millions in the process

C. Liability of asset loss / is this PII or PHI in the case if it is lost would encounter several finds and penalties and tarnish you name

D. Classification level / allow you to state the degree of protection that is needed for this obj /sub classification level is derived from the asset value stating you cannot have classification levels with out a value