Business Risk Assessment Table

A risk assessment is a process to identify potential hazards and analyze what could happen if a hazard occurs. This is different from a business impact analysis (BIA) as a BIA is the process for determining the potential impacts resulting from the interruption of time sensitive or critical business processes.

As you conduct the risk assessment, look for vulnerabilities—weaknesses—that would make an asset more susceptible to damage from a hazard. Vulnerabilities include deficiencies in building construction, process systems, security, protection systems and loss prevention programs. They contribute to the severity of damage when an incident occurs. For example, a building without a fire sprinkler system could burn to the ground while a building with a properly designed, installed and maintained fire sprinkler system would suffer limited fire damage.
 
For more information on risk assessments, visit Ready.gov

Risk Assessment (Ready.gov)
http://www.ready.gov/risk-assessment

Are you sure you want to delete this "resource"?
This item will be deleted immediately. You cannot undo this action.
File Name File Size Download
riskassessment_table.pdf 110 KB

Related Resources

Guidance material
26 Mar 2020
The following documents include the critical functions and services that Red Cross Red Crescent National Societies should incorporate in their Operational Business Continuity Plan. More on the Business Continuity Planning Help Desk
Tags: Guidance material, Business Continuity Program
Guidance material
09 May 2014
This is a practical ‘how to’ guide aimed at National Society programme managers and field staff wishing to start or improve livelihoods programming under an early recovery or developmental programme. It builds on the experience of a number of par...
Tags: Guidance material, Food Security, Livelihoods
Guidance material
30 Dec 2014
Lack of access to safe water, basic sanitation and poor hygiene practices are a major cause of disease and death among many of the world’s poor. Recognizing this fact, the International Federation of Red Cross and Red Crescent Societies assists ...
Tags: Guidance material, Water, Sanitation & Hygiene (WASH)