| A Risk Assessment
is identifying, analyzing, and weighing all the potential risks, threats
and hazards to the business's internal and external environment.
It discovers if a facility (building) is vulnerable to weather related
events, HVAC failure, Internal/External Security vulnerabilities and local
area hazards. It allows a business to document what mitigating actions
have been taken to manage these exposures. By identifying the threats
that currently are being mitigated verses threats that are not, a business
can compile a list of recommendations for improvement.
To be successful, any risk assessment
has to concentrate on the local identifiable issues relating to the business.
The process of identifying
risks/threats, probability of occurrence, the vulnerability to each risk/threat
and the potential impact that could be caused, is necessary to prepare
preventative measures and create recovery strategies. Risk identification
also provides a number of other advantages including:
- Exposes
previously overlooked vulnerabilities that need to be addressed by plans
and procedures
- Identifies
where preventative measures are lacking or need reevaluated
- Can
point out the importance of contingency planning to get staff and management
on board
- Will
assist in documenting interdependencies between departments and increase
communication between internal groups. Can also point out single
points of failures between critical departments
For
the ease of this process, categories of risk have been created to focus
the thought process. In the attached Risk Assessment Survey, the
categories include, Natural Risks, Man-Made (Human) Risks, and Environmental
Risks. These are certainly not requirements, and should not be considered
to be constraining. If a risk is not listed, you may add to the
columns.
The nature of a risk/threat
should be determined, regardless of the type. Factors to consider
should include (but not limited to):
- Geographic Location
- Weather Patterns for the Area and Surrounding Areas
- Internal Hazards (HVAC, Facility Security, Access,
etc)
- Proximity to Local Response/Support Units
- External Hazards (neighboring
Highways, Plants, etc)
Potential
exposures may be classified as:
- Facility
Related: Bomb Threat, Chemical Spills, Civil Disturbance, Electrical
Failure, Fire, HVAC Failure, Water Leaks, Work Stoppage / Strike
- Technology
Related: Human Error, Loss of Telecommunications, Data Center Outage,
Lost / Corrupted Data, Loss of Local Network Services, Power Failure,
Prolonged Technology Outage, UPS / Generator Loss of service.
- Weather
Related: Earthquake, Flood / Flash Flood, Hurricanes / Tropical Storms,
Severe Thunderstorms, Tornado, Winter Storms
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