1 / 8

Business Continuity Step 3

Step 3 of Business Continuity emphasizes the importance of knowing your risks through hazard identification, probability analysis, and vulnerability assessment. Hazards can cause unavoidable dangers, and understanding their sources, including historical data and formal documents, is crucial. Learn about assessing the likelihood of hazards and their potential impact on your business. This guide also covers how to mitigate risks, and the options available, such as acceptance, insurance, or proactive risk management strategies.

denali
Download Presentation

Business Continuity Step 3

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Business Continuity Step 3 Know Your Risks

  2. Sub Steps • Hazard Identification • Probability • Vulnerability • Risk

  3. Hazard Identification • What are hazards • Unavoidable danger even though foreseeable • Something that causes unavoidable danger • Sources for Identification • History • Newspapers • City or County Emergency Managers • Formal Hazard Identification documents • State Hazard Identification and Vulnerability Assessment • Hazard Mitigation Plans

  4. Probability • What is Probability? • The likelihood that a hazard will happen • Sources for Identification • History • Newspapers • City or County Emergency Managers • Formal Hazard Identification documents • State Hazard Identification and Vulnerability Assessment • Hazard Mitigation Plans

  5. Vulnerability • What is Vulnerability? • Susceptibility to the hazard • Sources for Identification • History • Newspapers • City or County Emergency Managers • Formal Hazard Identification documents • State Hazard Identification and Vulnerability Assessment • Hazard Mitigation Plans

  6. Impact • What is Impact? • The effect of the hazard • How to determine • History • Newspapers • City or County Emergency Managers • Formal Hazard Identification documents • State Hazard Identification and Vulnerability Assessment • Hazard Mitigation Plans • Experience

  7. Risk • What is risk? • Exposure to the chance of injury or loss • Combination of Probability, Vulnerability and Impact • Why is it important? • Helps you assess exposure • Assists in actions you may take • What to do about risk? • Accept • Insure • Mitigate

  8. Take Aways • Risk and it’s parts • What to do about risk? • Accept • Insure • Mitigate

More Related