Risk a lot to save a lot. Risk a little to save a little. You basically evaluate what is the worth of it and does the risk equal the worth.
The risk assessment model provides a process structure to guide you in assessing risk.
life safety
The preferred method of assessing the risk of an organization depends on the person and the type if business we are talking about. It's best to start with an overview and go from there.
B. Number of departments affected
The Committee approach
The Committee approach
life safety
The Committee approach
Exposure, severity, and probability.
The Committee approach
The Committee approach
What are the potential risks (what could happen)? What are the causes of each risk? How likely is each risk to occur? What steps can be taken to minimise each risk? What can be done if each risk occurs? Are the risk factors likely to change (in either cause, likelyhood or effect). When will each risk need re-assessing?