Use the risk assessment template attached here to develop a

Establish the Context

Risk Description

Effectiveness of Controls

Analysis

Risk Treatment

Objective

Context

Risk Source

Description

Control(s)

Control Rating

Risk Rating

State the potential business risk that could interrupt the business or segments of the business

List internal and external factors that influence this risk

Where the risk originates (e.g. regulatory requirements, political changes, natural disasters, man-made disasters, etc.)

Describe what might occur which { Cause(s)} the { Event} that leads to an { Impact/Consequence(s)}

What steps can be taken to control, avoid, or minimize the impact of the event such as a process, policy, practice, device, etc.

Is the risk-

Highly likely to occur

Medium likelihood it could occur

Low likelihood it could occur

Consequences if the risk occurs

· Risk Avoidance

· Risk Control

· Risk Transfer

· Risk Acceptance

· Risk Financing

1.

Cause

Event

Impact

2.

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