Impact and Risk Assessment

Risk Assessment is one of the key components of disaster recovery and business continuity planning. In order to create the most effective plan after a calamity, an organization must first consider what the potential disasters are that they could encounter, and how each of these might impact their business.

Executives and board members should consider every possible scenario when analyzing the potential risks their organization might face. This means that all potential risks should be taken into account, from somewhat mundane hazards like in-house power failures to extremely perilous events like acts of war, terrorist attacks or loss of key personnel.

The primary function of risk assessment is to predetermine as many types of disasters as possible that an organization may encounter, and then to figure out how the organization will deal with each crisis if it occurs.

Unfortunately, disaster recovery assessments can sometimes become very complex. In order to alleviate some of the confusion and to assist you with this task, we have put together this Alliance of other business owners and consultants to assist you with the process.

Possible crises and disasters for consideration:

It’s important to keep in mind that this list of possible disasters is far from exhaustive and does not include many of the specialized concerns your particular organization may need to consider and/or include in a plan. For example, if your in aa smaller organization, lesser events can have a bigger impact on staffing, or who is on premises with the necessary knowledge to perform certain tasks, etc.