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Risk Analysis
Business owners and executive team members are accountable on a continual basis to grow, manage, and protect the business.
A key component to effectively managing the business is having a firm grasp on the level and type of risks and vulnerabilities
that reside internally and externally to the business.
Contingency Now goes beyond the traditional risk analysis. Our team will measure the amount and type of risk embedded
in your business. We will provide sound, effective consultative advice, direction and feedback on how to mitigate and/or
eliminate the identified risk.
Our team uses a qualitative and quantitative approach to identify and measure your business risk. Our qualitative approach
is to collect "unbiased" and high integrity information that will identify key components of your enterprise that have a
definitive impact on your business vulnerabilities and financial risks. Our quantitative approach is focused on putting a
numerical value to a qualitative input thereby giving your team a logical measure of a specific input variable.
What We Measure
Our team will measure the level and type of risk associated with the following areas of your business:
- Information technology servers
- Telecommunications (WAN and LAN)
- Location of your business (location)
- The building which your business resides (Premises)
- Human intervention (Human)
- Vital and Critical Records & Documents
All assessments are focused toward the ability of your business to recovery from any business interruption event.
An event could be from human, technical or natural causes and can happen any time, any where, from inside the business
or against your business from outside dependencies.
Assess for Criticality, Probability, and Impact
Contingency Now's risk analysis and assessment will assess the criticality level of each assessed area.
In conjunction with identifying the level of criticality, we measure the probability that a business interruption event
will happen against this area, and the financial impact against the business. Within each of these assessed areas, our tool
will normalize all scores thereby allowing your business units or entire enterprise to visually see and understand which
area of the business/enterprise is at risk and why this risk exists.
Contingency Now's risk assessment answers these types of questions:
- Assuming a business interruption event, how much money will it cost your business due to previously unknown risks and vulnerabilities?
- How vulnerable is your business to recovering key processes, functions and technology within the defined time frames demanded by your customers and/or management team?
- In the time of a crisis, is your current employee structure capable of restoring vital
and critical applications and processes as defined by your business needs?
- Is your current data backup process at risk with unknown vulnerabilities?
- What are the highest and lowest risk software application dependencies inside your business?
- What are the highest to lowest risk business processes inside your business
- Are there unknown risks to your business due to external dependencies?
- Where is the greatest and least amount of risk within your Information
Technology infrastructure? Why does this risk exist and how should we mitigate and/or eliminate it?
Post the risk assessment work effort, Contingency Now will meet with your management team and provide a detailed report
and presentation of the findings. This information is leveraged by your management team to help make practical and
fiscally responsible decisions regarding your business contingency planning work effort.
START NOW TO ENSURE TOMORROWS SUCCESS!!
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