Risk Assessment & Strategiesw Growth
Business Plan Part 5: Risk Assessment and Strategies for Growth
Business Plan Part 5: Risk Assessment and Strategies for Growth
Business Plan Part 5: Risk Assessment and Strategies for Growth
Business Plan Part 5: Risk Assessment and Strategies for Growth BUS521002VA016-1126-001 Entrepreneurship & Innovation
MANNERS, AMANDA
9/8/2012
Jasmeih Green
BUS521002VA016-1126-001 Entrepreneurship & Innovation
MANNERS, AMANDA
9/8/2012
Assess risk for your business.
1. Identify and evaluate the main sources of risk for your business.
2. Explain your plan for dealing with risk by developing a contingency plan.
It is stated that risk assessment is third step in a basic risk management process. Risk assessments measure two components: severeness of expected loss and the probability that loss will occur. The aim is to determine the quantitative and qualitative values of risk associated with a potentially hazardous circumstance. Risk assessment is different for individual businesses, there is a general checklist to consider when assessing and managing risks.
It should be able to identify potential endangerment to your assets when using the risk assessment. The primary assets that are subject to risk, as well as the secondary assets that might be affected can be determined. My company will have to be able to identify the threat community by deciding whether the threat is internal or external, human ware of malware. In this case we have to be specific in determining the threat. Sometimes you have referred to a broad-spectrum analysis. There is several risk assessment that do exist however I feel that these will be the ones that I have to pay very close attention to when I start my business. They are as follows:
1. Product- What is the product that you are selling? Is it unique? What makes it desirable?
2. Human - from illness, death, injury, or other loss of a key individual
3. Operational - from disruption to supplies and operations, loss of
Business Plan Part 5: Risk Assessment and Strategies for Growth
Business Plan Part 5: Risk Assessment and Strategies for Growth
Business Plan Part 5: Risk Assessment and Strategies for Growth BUS521002VA016-1126-001 Entrepreneurship & Innovation
MANNERS, AMANDA
9/8/2012
Jasmeih Green
BUS521002VA016-1126-001 Entrepreneurship & Innovation
MANNERS, AMANDA
9/8/2012
Assess risk for your business.
1. Identify and evaluate the main sources of risk for your business.
2. Explain your plan for dealing with risk by developing a contingency plan.
It is stated that risk assessment is third step in a basic risk management process. Risk assessments measure two components: severeness of expected loss and the probability that loss will occur. The aim is to determine the quantitative and qualitative values of risk associated with a potentially hazardous circumstance. Risk assessment is different for individual businesses, there is a general checklist to consider when assessing and managing risks.
It should be able to identify potential endangerment to your assets when using the risk assessment. The primary assets that are subject to risk, as well as the secondary assets that might be affected can be determined. My company will have to be able to identify the threat community by deciding whether the threat is internal or external, human ware of malware. In this case we have to be specific in determining the threat. Sometimes you have referred to a broad-spectrum analysis. There is several risk assessment that do exist however I feel that these will be the ones that I have to pay very close attention to when I start my business. They are as follows:
1. Product- What is the product that you are selling? Is it unique? What makes it desirable?
2. Human - from illness, death, injury, or other loss of a key individual
3. Operational - from disruption to supplies and operations, loss of