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Analyzing Risks in Business Continuity: Steps to Identify and Mitigate Hazards

In this step of business continuity planning, we focus on analyzing risks that could impact your operations. Start by identifying hazards of concern at local, state, and regional levels. Assess the potential impact of these hazards on your business and evaluate your vulnerability to them. Utilize worksheets to discuss and document findings on the risks identified, including their effects on essential functions. Ensure that you consider hazards that may lie beyond your immediate location. Completing this analysis is vital for resilient business operations.

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Analyzing Risks in Business Continuity: Steps to Identify and Mitigate Hazards

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Presentation Transcript

  1. Business Continuity Step 4 Analyze Your Risks

  2. Sub Steps • Identify hazards of concern • Identify impact of those hazards to your business • Determine vulnerability to those hazards • Determine risk

  3. Hazards of Concern • Local • State • Regional • Worksheet • Discuss

  4. Impact of Hazards of Concern • Local • State • Regional • Worksheet • Discuss

  5. Determine Vulnerbility • Local • State • Regional • Worksheet • Discuss

  6. Determine Risk • Complete Worksheet • Discuss

  7. Take Aways • Look for hazards that impact your essential functions but may be outside of your location • Impact to your business • Hazards of Concern • Your Risk

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