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CISM study material · question 546 of 1000

On funding decisions for security services, what does NIST say the focus should be?

  1. The lowest purchase price available in the market
  2. The budget remaining in the current financial year
  3. Value and full life cycle costs, since cost is only one of many issues
  4. The provider's published list price for the particular service that is being purchased
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Answer: C. Value and full life cycle costs, since cost is only one of many issues

SP 800-100 accepts funding is usually central to a business decision while insisting cost is one issue among many, and directs attention to value and to what the whole life cycle will cost.

Source: NIST SP 800-100 (NIST) — Table 12-3 Service Issue Categories

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