Risk Analysis

[rjames]

Risk Analysis: A risk analysis involves identifying the most probable threats to an organization and analyzing the related vulnerabilities of the organization to these threats.

Risk Assessment: A risk assessment involves evaluating existing physical and environmental security and controls, and assessing their adequacy relative to the potential threats of the organization.

Business Impact Analysis: A business impact analysis involves identifying the critical business functions within the organization and determining the impact of not performing the business function beyond the maximum acceptable outage. Types of criteria that can be used to evaluate the impact include: customer service, internal operations, legal/statutory and financial.

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[Rahulbatra]

The systematic approach of Risk Analysis helps an organization identification of undesired events and the reason for such events at appropriate time. The overall process of risk analysis and risk evaluation is called as Risk Assessment