Framework for Continuity Risk Assessment Process PPT
This PPT slide, part of the 61-slide Business Continuity Planning - Guide, Process and Tools PowerPoint presentation, outlines a high-level process for conducting a Continuity Risk Assessment (CRA) as part of Business Continuity Planning. It is divided into 3 main sections: Hazard Identification, Vulnerability Assessment, and Impact Analysis. Each section plays a crucial role in understanding and mitigating risks that could disrupt business operations.
The first section, Hazard Identification, lists various potential hazards that organizations may face. These include natural disasters like fires and explosions, as well as human-induced threats such as terrorism and workplace violence. The inclusion of modern risks like cyber attacks and pandemic diseases highlights the evolving nature of threats that businesses must consider.
Next, the Vulnerability Assessment identifies the assets at risk. This encompasses a broad range of elements critical to business operations, including people, property, and supply chain components. It also emphasizes the importance of technology and business operations, as well as the reputation of the organization. Understanding these vulnerabilities is essential for developing effective strategies to protect them.
The final section, Impact Analysis, outlines the potential consequences of risks materializing. It details various impacts such as casualties, property damage, and financial losses. The mention of brand/reputation damage and legal repercussions indicates that the fallout from risks can extend beyond immediate operational concerns, affecting long-term viability.
Overall, this slide serves as a foundational framework for organizations looking to enhance their business continuity strategies. It emphasizes the need for a comprehensive approach to risk assessment, ensuring that all potential hazards, vulnerabilities, and impacts are thoroughly evaluated and addressed.
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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