Risk Assessment

Description

While business continuity may be argued to be a mitigation tool from a risk management perspective, the primary goal of business continuity planning is the reduction of risks which may result in a disaster.

The purpose for doing risk assessment is to identify operational vulnerabilities which may be exploited, resulting in a prolonged disruption to business operations. Often these vulnerabilities have a very low frequency or possibility of occurring but a very high impact should it happen, hence it is often overlooked by the process owners or risk managers.

The categories of risk which are often covered in a typical risk assessment are Operational Risks, Reputational Risk, Legal Risks and Financial Risks. Strategic Risk, Market Risk and Capital Risk are better handled by the board of directors and top management.

Service Modules

• Risk Assessment Standard Approach
   
• Risk Assessment Workshop Approach
   
• Risk Assessment Coaching Approach

Please contact us for further details.