Virtual Risk Assessment
Health and Safety for Properties
Risk assessments spot potential problems, but a business-impact analysis identifies how these problems might affect a particular business. Since these two tasks go hand-in-hand, it is useful to describe them together. These are the three steps of a risk assessment and business impact analysis:
- This step consists of simply listing which business risks a particular company might face. These could include acts of nature, fires, mechanical breakdowns, and even cyber-attacks.
Identify assets that could be at risk:
- This step consists of identifying which business or external assets might be damaged by one of the hazards listed above. Some common examples are employees, customers, buildings, a business’s reputation, and the environment.
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