Difference between revisions of "Risk Analysis"
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Process of identifying the risks to an organization, assessing the critical functions necessary for an organization to continue business operations, defining the controls in place to reduce organization exposure and evaluating the cost for such controls. Frequently the quantification of threats to an organization and the probability of them being realized. | Process of identifying the risks to an organization, assessing the critical functions necessary for an organization to continue business operations, defining the controls in place to reduce organization exposure and evaluating the cost for such controls. Frequently the quantification of threats to an organization and the probability of them being realized. | ||
| − | == | + | == Application Domains == |
The notion encompasses large number of activities within banks, for example: | The notion encompasses large number of activities within banks, for example: | ||
* [[Credit Risk]] Analysis | * [[Credit Risk]] Analysis | ||
| Line 12: | Line 12: | ||
* [[Business Impact Analysis]] | * [[Business Impact Analysis]] | ||
* [[Disaster Risk Assessment]] | * [[Disaster Risk Assessment]] | ||
| + | |||
| + | == Methodologies and Approaches == | ||
| + | * [[Root Cause Analysis]] | ||
| + | * [[Barrier Analysis]] | ||
| + | * [[Bow-Tie Analysis]] | ||
---- | ---- | ||
[[Category:Risk Analysis]] | [[Category:Risk Analysis]] | ||
[[Category:Business Impact Analysis]] | [[Category:Business Impact Analysis]] | ||
Revision as of 17:15, 11 November 2021
Definition
Risk Analysis (also Risk Assessment) is a set of analytic and/or quantitative activities that supports Risk Management that may or may not be dependent on risk models, but typically does involve structured analysis and interpretation of data. Overall process of risk identification, risk analysis, and risk evaluation.
Process of identifying the risks to an organization, assessing the critical functions necessary for an organization to continue business operations, defining the controls in place to reduce organization exposure and evaluating the cost for such controls. Frequently the quantification of threats to an organization and the probability of them being realized.
Application Domains
The notion encompasses large number of activities within banks, for example:
- Credit Risk Analysis
- Operational Risk Self-Assessment Workshops
- Material Risk Assessment Exercises
- Political Risk Analysis
- Business Impact Analysis
- Disaster Risk Assessment
