Business Risk Assessment
Business Risk Assessment : "BU [business unit] or regional management should complete a BC [business continuity] risk assessment for each of its business functions and associated sites (city or region). The purpose of this exercise is to identify likely risks that could disrupt critical business processes performed at specific locations of operation. The BC risk assessment is used to shape the overall BCM program scope by providing a list of likely events and associated consequences that should be addressed in a risk mitigation plan (e.g., prevention) and the BCM program. There is no way to predict all risks or to mitigate all known risks that may need to be accepted. Participants in the BC risk assessment should include individuals such as staff from the business as well as staff from the health, safety, and environment group; facilities management legal; human resources; and personnel from the medical field?. When evaluating disruptive events, it's important to identify those that are credible and look for all potential events that may impact business operations. Possible methods for predicting future disruptive events include: (1) Looking at historical data associated with similar organizations in the same region. (2) Using government or industry data concerning possible risks. (3) Using subject matter experts when the business model changes or limited data is available to perform a detailed risk assessment. (IIA, Business Continuity Management, July, 2008, pp. 8-9)
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