Enter your email business to download and customize this presentation for free
Apart from a Business Impact Analysis (BIA), other methods to assess business risks include: Risk Evaluation, where you determine the magnitude of each risk and prioritize them; Risk Treatment, where you decide how to handle each risk; and Risk Monitoring, where you keep track of the identified risks and their treatment. Regular audits and reviews can also be used to assess business risks.
Question was asked on:
According to Elsey, during the risk-assessment phase, it's essential to pinpoint and understand all the exposure risks for your venture. "By doing a business impact analysis (BIA), you can gain clarity about every potential threat to your business. The BIA will provide you with critical information, such as who your stakeholders are, your supply chain gaps, and your levels of resilience. It will also inform you about the core team that you should keep in place in the face of potential catastrophe," he writes.
Asked on the following presentation:
Ensure that your business continues to thrive under unfavorable conditions with our Business Continuity deck. This presentation includes practical fra...
Download 10 out of 30 slides
Enter your email business to download and customize this presentation for free
Download full presentation
Quarterly
