This PPT slide, part of the 61-slide Business Continuity Planning - Guide, Process and Tools PowerPoint presentation, presents a structured approach to continuity risk assessment (CRA) within the context of business continuity planning. It categorizes risks based on multiple criteria, specifically focusing on financial impact, reputational damage, organizational objectives, and the potential loss of person-days.
The scale ranges from 'Critical' to 'Medium,' with each category defined by specific financial thresholds and associated risks. For instance, a 'Critical' risk, exceeding 10 million in financial impact, is characterized by repeated high negative exposure and unresolved issues, leading to significant performance failures. This level of risk results in a loss of over 501 person-days, indicating a severe disruption to operations.
As we move down the scale, the 'Significant' category, with impacts between 5 million and 10 million, also highlights high negative exposure and unresolved faults, but results in significant delays and a loss of 151 to 500 person-days. The 'High' and 'Medium' categories, with lower financial thresholds, reflect decreasing levels of exposure and impact, yet still emphasize the importance of timely resolution to mitigate delays and maintain organizational objectives.
This structured assessment allows organizations to prioritize risks effectively, ensuring that resources are allocated to address the most critical issues first. The clarity of this framework aids in strategic decision-making and enhances overall resilience against potential disruptions. Understanding this risk assessment model is crucial for any organization looking to strengthen its business continuity strategies.
This slide is part of the Business Continuity Planning - Guide, Process and Tools PowerPoint presentation.
MBB/Big 4 style presentation that guides for business continuity planning (BCP) as part of holistic business continuity management (BCM) program
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