Risk Assessment Action Summary The risk assessment is the second step in the business continuity planning process. Evaluating the BIA assumptions using various threat scenarios; Analyzing threats based upon the impact to the institution, its customers, and the financial market it serves; Prioritizing potential business disruptions based upon their severity, which is determined by their impact on operations and the probability of occurrence; and Performing a "gap analysis" that compares the existing BCP to the policies and procedures that should be implemented based on prioritized disruptions identified and their resulting impact on the institution. The risk assessment step is critical and has significant bearing on whether business continuity planning efforts will be successful.
CSU Ready is an online tool that will help colleges, departments and business units within CSU to create their own business continuity plans.
This tool has been specifically configured for CSU. This will not be a plan that is put on a shelf somewhere, and forgotten.
Please contact us to schedule a training, or see our Knowledge Center for webinars of past training. Remember that the tool can create plans by unit area, department, or college. Why is business continuity planning important?
It helps business units, departments, colleges and the university to identify essential functions, upstream and downstream dependencies that might impact operations, and assists us to proactively plan for, and allocate resources for resumption of essential functions.
How is this information going to be used? The tool that CSU uses is a living document, that can be easily updated. Once plans are created, Colleges can use this tool to determine vulnerabilities, and dependencies at a college level.
In addition information collected in this tool will enable CSU to determine campus wide vulnerabilities, dependencies and appropriate resource allocation that would be needed in the event of a disruption.Risk Analysis is a proven way of identifying and assessing factors that could negatively affect the success of a business or project.
It allows you to examine the risks that you or your organization face, and helps you decide whether or not to move forward with a decision.
Risk Management and Business Continuity: Improving Business Resiliency Posted on February 25, by Al Berman Preparing for and responding to negative events, from the mundane to the catastrophic, from the predictable to the unforeseen, has become a fact of life for businesses and governments around the world.
Business Planning and Risk Management in Oil and Gas. Planning cycle and decision making in Oil and Gas companies.
Business should adopt an 'all hazards' approach to risk management by considering a wide range of possible risks affecting business activities. The management of risk in overseas travel involves the development of a detailed risk assessment process, training of staff and managers and adherence to .
In addition to the articles on this current page, see the following blog which has posts related to Risk Management. Scan down the blog's page to see various posts.
Also see the section “Recent Blog Posts” in the sidebar of the blog or click on “next” near the bottom of a post in the blog. Improve capital planning. Enable more efficient capital planning that takes into account the projected balance sheets, income statements and risk-weighted assets of the various legal entities and business units involved in your strategic planning activities.