Risk Analysis Template - Free Sample
Risk Analysis Template

Risk analysis template is a systematic process for company risk assessment. A sample risk analysis can help business organizations at all levels to have a platform and framework and identify all potential risks facing the organization.

Risk Analysis and management

Risk analysis is crucial to the success of company. Initially, the risk analysis and management was introduced to the business as a means of improving operational efficiency. Now, it is become clear that it is becoming an essential component of an organization’s survival. Organizations have become so dependent on risk analysis techniques that even a relatively short loss of the availability of a critical system can lead to a total failure of the business.

The key objective of risk analysis is to minimize expected loss. In order to achieve the targets, you need to go through three stages: assets identification, risk assessment and risk evaluation. The assets may include include hardware, software, data/database, personnel, documentation, and facilities. The boundary of the risk analysis should be established during the asset identification stage to determine the protection priority of each asset. Once the assets have been identified, the next step is The next stage is to identify all possible threats to the selected assets and their vulnerabilities. Only those threats that are likely to occur need to be identified. The final stage is the risk appraisal.

Risk Analysis Template

In the process of developing a personalized risk analysis template suitable for your own organization, you need to consider the risk analysis types, risk analysis format and key information for your template. The key information include: asset identification, risk assessment and risk evaluation.

The first key section in your risk analysis template is assets identification. In the section, you may divide the assets into different groups based on their functions. you may determine the relative necessity of each asset for the related business function. The relative necessity of an asset refers to the degree to which the asset contributes to the objectives of a business function.

The second key part in your sample risk analysis is risk assessment. In the section, you will give assessment of the potential risks. risk has two attributes: injury and probability. Risk probability is the chance that a loss or harm will occur over the lifetime of an asset while risk injury level is determined by the relative importance of assets.

The third key part in risk analysis example is potential loss calculation. In the section, you will give the estimate cost related to the risks. For calculating the income loss, risk analysts should estimate the recovery time of each asset if each threat is successful and calculate the daily average income of the organization. The recovery time is the number of days between an asset failure and the full restoration to normal operation of the asset.

 
 

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