What is a risk assessment?
Once a business impact analysis (BIA) has been completed, you will have an excellent view of how your organization operates, what it needs to operate, and how quickly critical systems and data must be recovered for the business unit to resume normal operations. It’s also important to identify external and internal risks and threats to the operational issues identified in the BIA.
Conduct a risk assessment to identify situations that may produce disruptive events to your organization. For example, an internal threat may be the potential for an employee to damage a server, corrupt a critical application, or shut down power to critical systems. External threats can range from severe weather to earthquakes, unauthorized entry into your building, or vandalism.
The risk assessment not only identifies the external and internal risks and threats, it can also identify your organization's vulnerabilities. Analyzing each threat for likelihood of occurrence and potential damage rendered will help you pinpoint specific threat conditions you will address in your disaster recovery plans. Combine this risk data with BIA results and you will be able to zero in on those business functions that are at the greatest risk and represent the greatest potential loss to the organization.
Dig Deeper on Disaster recovery planning - management
Related Q&A from Paul Kirvan
Archiving email is crucial to the business continuity and disaster recovery process. For example, consider how cybersecurity and cloud storage can ... Continue Reading
Your organization should integrate its cybersecurity and backup processes. It's easy for a cyberattack to affect backups, unfortunately, so be ... Continue Reading
Many on-site and cloud-based services are available for small to medium-sized business backup. Pay particular attention to the deciding factors for ... Continue Reading
Have a question for an expert?
Please add a title for your question
Get answers from a TechTarget expert on whatever's puzzling you.