Framework for Continuity Risk Assessment and Tolerance PPT
This PPT slide, part of the 61-slide Business Continuity Planning - Guide, Process and Tools PowerPoint presentation, presents a framework for conducting a Continuity Risk Assessment (CRA) as part of Business Continuity Planning (BCP). It emphasizes the importance of understanding organizational risk tolerance by evaluating the likelihood and impact of various risks.
The matrix is structured with likelihood on the vertical axis and impact on the horizontal axis. Each axis is graded from low to very high, creating a grid that categorizes risks into different levels. The likelihood scale ranges from 1 (Very Low) to 5 (Very High), while the impact scale ranges from 1 (Low) to 5 (Critical). This dual-axis approach allows organizations to visualize how risks can be prioritized based on their potential impact and the likelihood of occurrence.
The color coding within the grid—ranging from green to red—provides an intuitive way to assess risk levels. For instance, risks that fall into the red zone indicate critical impacts with high likelihood, suggesting immediate attention is required. Conversely, risks in the green zone are less pressing and may not require urgent action.
The note at the bottom highlights that while the likelihood and impact ratings serve as indicators, they should be interpreted carefully. This suggests that organizations should consider additional factors beyond just these ratings to fully understand their risk profile.
Overall, this slide serves as a practical tool for executives to gauge their organization's risk tolerance and make informed decisions regarding 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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