Risk Assessment Methods, Continuity, Resilience & Recovery

Risk Assessment Methods

Assessment of risks is the key part of successful risk management process. In successful organization any project's approval is on hold until the thorough Risk Assessment has been completed. Seriousness, Frequency and Impact of risks may change time to time but dealing methodology remains the same.

Identifying nature of the risk is first step of for successful assessment of risk. Without prior identification and in-depth analyzes the whole assessment process can be compromised and may lead to complete failure. Every risk can't be off serious nature, therefore, focus should remain on managing the risks that can affect the continuity of business operations.

Risk Assessment Methods

  • SWOT Analysis
  • PESTLE Analysis
  • Delphi technique
  • What-If Analysis
  • Brainstorming
  • Cross comparison off identified threats with the checklist of known threats.
  • Hazard Operability
  • Failure Mode and Effect Analysis