Risk Analysis

Risk Analysis Risk is the possibility of something adverse happening. Risk management is the process of assessing risk, taking steps to reduce risk to an acceptable level and maintaining that level of risk. Risk analysis should be performed to determine what is at risk when a disaster occurs. This should include such elements of a system as: ·Loss of data ·Loss of software and hardware ·Loss of personnel Benefits of Risk Analysis Here are some …showed first 75 words of 1402 total…

…showed last 75 words of 1402 total…Roopendra (2002) In the risk map above, the points indicate the probability and the impact of risks. For example point D might represent the probability of the impact of a terrorist bomb. As you can see from the above figure the probability of this happening is quite low but the impact of damage this will cause if it does happen very high. This way you can categorize each risk according to its probability and its impact.