Running Head: RISK ASSESSMENT 1 RISK ASSESSMENT Risk assessment process includes identification of vulnerabilities and threats in an organization and then determining ways to eradicate them. Risk Assessment is important in determining the possible risks that can result into a great loss in an organization. Running Head: RISK ASSESSMENT Subject: Risk Assessment Briefing type: decision briefing Participants: 1.General manager; whose role in an organization is to ensure that the organization goals are achieved. His responsibility in the project is to help in ensuring the project goals are in alignment with organization goals. 2: IT manager; whose role is to ensure that the IT department delivers values to the organization, and his role in the project is to ensure that the values delivered are in line with the organization goals. 1. I will start by asking them general questions to test their understanding of risk assessment 2. I will go through their documents on risks assessment that they had gotten before, and then compare them with mine. 3. Then I will harmonize on the most serious risks and their possibilities of reoccurring. 4. Then lastly we will discuss the way forward on how to eradicate the risks. I will manage the group by assigning different roles to different to each participant to get their views on risk assessment. I will also manage the group by asking them questions regarding risk assessment to keep them active throughout the session. The technique I will use to assess the risk is by looking at the standard organization policies and procedures regarding risk assessment. Then I will look at the vulnerabilities that expose the organization to various risks. Then lastly I will consider the possibilities of risks reoccurring. 2 Running Head: RISK ASSESSMENT 3 I will start by going through the policy on risk management and then look at the vulnerabilities that leads to various threats in an organization. I will also review the document on threats, to check the threats which had already been identified and to determine the possibility of it occurring again. Risk event Probability Impact moderate Rationale for probability 2 high Rationale for impact 1 Power failure Virus attack high 1 high 1 Loss of key low 3 moderate 2 Running Head: RISK ASSESSMENT 4 personnel Data loss high 1 high 1 Flooding low 3 moderate 2 Entering records in the wrong computer moderate 2 low 3 Entering incorrect data low 3 high 1 2 high 1 Computer crush moderate Leaking information to the external people low 3 high 1 Deleting data unintentionally low 3 high 1 Risk of losing customers unexpectedly Risk of machines failure Risk of poor management Risk of organizations' bad reputation Risk of compliance low 3 high 1 low 3 moderate 2 moderate 2 high 1 low 3 high 1 low 3 moderate 2 Actions should be determined on how to eradicate the risks. High Running Head: RISK ASSESSMENT 5 Probability of occurrence Low Impact of threat References eer, M. & Nohr asual.pm. Proje Running Head: RISK ASSESSMENT 6 iddens, A., Dun reen, D. (2008)