Risk Assessment plan
Introduction
Knowing the potential risks, how it can affect your business as well as knowing what is likely to be done to mitigate the risk and react to it are the essential benefits for this risk assessment plan. As it is always sad, prevention is better than cure, and therefore being aware of the possible threats for the organization can save the company numerous headaches as well as potential failures in the process (Ye et al., 2015). Don't use plagiarised sources.Get your custom essay just from $11/page
Outline for the RA plan
According to Persechino (2013), a risk assessment outline has; identifying the risk: This is usually the first step in the creation of a risk assessment plan. This phase shall involve gathering or collecting knowledge of the risk management team as well as the appropriate stakeholders and recognize every potential pitfall that projects can face at every stage of their execution. Creation of a risk register: Once the risks shall have been identified, this phase shall involve getting them down on a paper then associating them with the appropriate aspects where they are likely to occur. Analyzing the risk: Risks do not have equal impacts, and as a result, some are likely to have more drastic effects as compared to others. To categorize of these threats, it is essential to come up with a risk analysis matrix:
| DoS Attack | Medium | High | High |
| Password Attack | Low | Medium | High |
| SQL Injection | Low | High | Medium |
| Eavesdropping Attacks | High | Medium | Medium |
Impact of Risk
Probability of Risk
Identification of Risk Triggers: Risks don’t just occur on their own; some events must prompt there. There are often identifying factors that can slowly build up along the way which the security team can identify to prepare for the worst. Identification of solutions: This entails identification of possible actions that can be taken just in case a particular risk occurs. Creation of action plan: By narrowing down the previous rough list of solutions, it is possible to create an actual Action Plan that will come into effect when a problem occurs.
Scope and boundaries
The risk assessment plan applies to the entire organization fraternity and is bound to the organization. This is because risks can be prompted even by the employees themselves.
RA approaches
The first approach is the application of what-if analysis. This helps in the identification of threats. This question is asked on what could go wrong as well as what could happen if what is expected to go wrong actually goes wrong. The second and most essential procedure is the use of checklists of the common threats in identifying the possible dangers in the organization.
Roles and responsibilities
It is the responsibility of the risk security team to ensure that the risk assessment plan is accurately created and appropriately implemented to ensure the protection of the organization from threats.
A proposed schedule for the RA process
| Week 1 | Identification of the possible threats through the engagement of the management and stakeholders. |
| Week 2 | Analyzing the accuracy of the results and giving monasteries according to the objectives of the business. |
| Week 3 | Development of best practices for cost-benefit analysis. |
References
Persechino, B., Valenti, A., Ronchetti, M., Rondinone, B. M., Di Tecco, C., Vitali, S., & Iavicoli, S. (2013). Work-related stress risk assessment in Italy: a methodological proposal adapted to regulatory guidelines. Safety and health at work, 4(2), 95-99.
Ye, B., Chen, Y., Li, Y., Li, H., Yang, L., & Wang, W. (2015). Risk assessment and water safety plan: a case study in Beijing, China. Journal of water and health, 13(2), 510-521.