Difference between revisions of "BCMBoK 2: Risk Analysis & Review"

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'''1.''' Business Continuity Management Body of Knowledge 2  or [[BCM Body of Knowledge (BCMBoK)|BCMBoK]] 2 provides the minimum expectation for a BCM professional in the area of [[Risk Analysis and Review]].
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[[Image:BCM Institute.jpg‎|right|thumb|100px| '''[http://www.bcm-institute.org/courses Click: Visit BCM Institute's Courses]''']]
 
  
* Assess [[Risk|risk]] for organization specific for BCM.
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** Understand the principles of risk assessment.
 
** Devise an appropriate scoring mechanism.
 
** Identify the types of internal and external [[Threat|threats]] that could cause a disruption and assess their probability and impact.
 
** Evaluate and prioritize threats.
 
* Determine [[Risk Treatment|risk treatment]].
 
** Understand the types of risk treatment
 
** Undertake risk treatments activities - [[Risk Avoidance| risk avoidance]], [[Risk Reduction| risk reduction]], [[Risk Transference| risk transference]] & [[Risk Acceptance| risk acceptance]].
 
* Formulate risk treatment strategy.
 
** Evaluate risk minimization alternatives against specifications and cost constraints.
 
** Review current operational procedures to ensure adequate risk safeguards and  plans are in place.
 
** Submit risk treatment strategy to [[Executive Management| executive management]] for approval.
 
  
Related Terms: [[Risk Analysis and Review]].
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'''1.''' Business Continuity Management Body of Knowledge 2 or [[BCM_Body_of_Knowledge_(BCMBoK)|BCMBoK]] 2 provides the minimum expectation for a BCM professional in the area of [[Risk_Analysis_and_Review|Risk Analysis and Review]].<br/> [[File:BCM Institute.jpg|thumb|right|100px|]]
  
[[Image:3D BCM Series Analyzing and Reviewing in the context of BCM Books.jpg|thumb|left|140px|Analysing And Reviewing The Risks For Business Continuity Planning [http://store.bcm-institute.org/books/bcm-specialist-series BUY!]]]  
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*Assess [[Risk|risk]] for organization specific for BCM.
 +
**Understand the principles of risk assessment.
 +
**Devise an appropriate scoring mechanism.
 +
**Identify the types of internal and external [[Threat|threats]] that could cause a disruption and assess their probability and impact.
 +
**Evaluate and prioritize threats. 
 +
*Determine [[Risk_Treatment|risk treatment]].
 +
**Understand the types of risk treatment
 +
**Undertake risk treatments activities - [[Risk_Avoidance|risk avoidance]], [[Risk_Reduction|risk reduction]], [[Risk_Transference|risk transference]] & [[Risk_Acceptance|risk acceptance]]. 
 +
*Formulate risk treatment strategy.
 +
**Evaluate risk minimization alternatives against specifications and cost constraints.
 +
**Review current operational procedures to ensure adequate risk safeguards and plans are in place.
 +
**Submit risk treatment strategy to [[Executive_Management|executive management]] for approval. 
 +
 
 +
Related Terms: [[Risk_Analysis_and_Review|Risk Analysis and Review]].
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[[File:3D BCM Series Analyzing and Reviewing in the context of BCM Books.jpg|thumb|left|140px|Analysing And Reviewing The Risks For Business Continuity Planning ]]
  
 
'''''Courses'''''
 
'''''Courses'''''
  
* [http://www.bcm-institute.org/courses/analyzing-and-reviewing-risk-col-313 Attend: Classroom: Risk Analysis Courses]  
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*[http://www.bcm-institute.org/courses/analyzing-and-reviewing-risk-col-313 Attend: Classroom: Risk Analysis Courses]  
* [http://www.bcm-institute.org/courses/assessing-risk-and-business-impact-requirements Attend: Classroom: Competency-based Risk Analysis Courses]  
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*[https://www.bcm-institute.org/courses/business-continuity-management-courses-2/bcm-competency-courses/competency-level-300/bcm-310-assessing-risk-and-business-impact-requirements/ Attend: Classroom: Competency-based Risk Analysis Courses]  
* [http://www.bcm-institute.org/courses/risk-analysis-and-review Attend: E-Learning Risk Analysis module]
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*[http://www.bcm-institute.org/courses/risk-analysis-and-review Attend: E-Learning Risk Analysis module]  
  
 
'''''Guidance Notes and Templates'''''
 
'''''Guidance Notes and Templates'''''
  
*[[Guidance Notes to Complete the Risk Assessment Template]]
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*[[Guidance_Notes_to_Complete_the_Risk_Assessment_Template|Guidance Notes to Complete the Risk Assessment Template]]  
  
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<br/> <br/> &nbsp;
  
<br><br><br>
 
 
== Body of Knowledge 2: Risk Analysis & Review Definitions ==
 
== Body of Knowledge 2: Risk Analysis & Review Definitions ==
  
 
=== BCM Audit ===
 
=== BCM Audit ===
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[http://www.bcmpedia.org/w/index.php?title=Category:BcmBoK_2_CL_1A&action=edit&redlink=1| '''CL One (1)'''] | * [http://www.bcmpedia.org/w/index.php?title=Category:BcmBoK_2_CL_2A&action=edit&redlink=1| '''CL Two (2)'''] | * [http://www.bcmpedia.org/w/index.php?title=Category:BcmBoK_2_CL_3A&action=edit&redlink=1| '''CL Three (3)''']
 
[http://www.bcmpedia.org/w/index.php?title=Category:BcmBoK_2_CL_1A&action=edit&redlink=1| '''CL One (1)'''] | * [http://www.bcmpedia.org/w/index.php?title=Category:BcmBoK_2_CL_2A&action=edit&redlink=1| '''CL Two (2)'''] | * [http://www.bcmpedia.org/w/index.php?title=Category:BcmBoK_2_CL_3A&action=edit&redlink=1| '''CL Three (3)''']
  
 
=== Business Continuity ===
 
=== Business Continuity ===
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[http://www.bcmpedia.org/w/index.php?title=Category:BcmBoK_2_CL_1B&action=edit&redlink=1| '''CL One (1)'''] | * [http://www.bcmpedia.org/w/index.php?title=Category:BcmBoK_2_CL_2B&action=edit&redlink=1| '''CL Two (2)'''] | * [http://www.bcmpedia.org/w/index.php?title=Category:BcmBoK_2_CL_3B&action=edit&redlink=1| '''CL Three (3)''']
 
[http://www.bcmpedia.org/w/index.php?title=Category:BcmBoK_2_CL_1B&action=edit&redlink=1| '''CL One (1)'''] | * [http://www.bcmpedia.org/w/index.php?title=Category:BcmBoK_2_CL_2B&action=edit&redlink=1| '''CL Two (2)'''] | * [http://www.bcmpedia.org/w/index.php?title=Category:BcmBoK_2_CL_3B&action=edit&redlink=1| '''CL Three (3)''']
  
 
=== Crisis Management ===
 
=== Crisis Management ===
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[http://www.bcmpedia.org/w/index.php?title=Category:BcmBoK_2_CL_1C&action=edit&redlink=1| '''CL One (1)'''] | * [http://www.bcmpedia.org/w/index.php?title=Category:BcmBoK_2_CL_2C&action=edit&redlink=1| '''CL Two (2)'''] | * [http://www.bcmpedia.org/w/index.php?title=Category:BcmBoK_2_CL_3C&action=edit&redlink=1| '''CL Three (3)''']
 
[http://www.bcmpedia.org/w/index.php?title=Category:BcmBoK_2_CL_1C&action=edit&redlink=1| '''CL One (1)'''] | * [http://www.bcmpedia.org/w/index.php?title=Category:BcmBoK_2_CL_2C&action=edit&redlink=1| '''CL Two (2)'''] | * [http://www.bcmpedia.org/w/index.php?title=Category:BcmBoK_2_CL_3C&action=edit&redlink=1| '''CL Three (3)''']
  
 
=== Crisis Management ===
 
=== Crisis Management ===
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[http://www.bcmpedia.org/w/index.php?title=Category:BcmBoK_2_CL_1CC&action=edit&redlink=1| '''CL One (1)'''] | * [http://www.bcmpedia.org/w/index.php?title=Category:BcmBoK_2_CL_2CC&action=edit&redlink=1| '''CL Two (2)'''] | * [http://www.bcmpedia.org/w/index.php?title=Category:BcmBoK_2_CL_3CC&action=edit&redlink=1| '''CL Three (3)''']
 
[http://www.bcmpedia.org/w/index.php?title=Category:BcmBoK_2_CL_1CC&action=edit&redlink=1| '''CL One (1)'''] | * [http://www.bcmpedia.org/w/index.php?title=Category:BcmBoK_2_CL_2CC&action=edit&redlink=1| '''CL Two (2)'''] | * [http://www.bcmpedia.org/w/index.php?title=Category:BcmBoK_2_CL_3CC&action=edit&redlink=1| '''CL Three (3)''']
  
 
=== Disaster Recovery ===
 
=== Disaster Recovery ===
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[http://www.bcmpedia.org/w/index.php?title=Category:BcmBoK_2_CL_1D&action=edit&redlink=1| '''CL One (1)'''] | * [http://www.bcmpedia.org/w/index.php?title=Category:BcmBoK_2_CL_2D&action=edit&redlink=1| '''CL Two (2)'''] | * [http://www.bcmpedia.org/w/index.php?title=Category:BcmBoK_2_CL_3D&action=edit&redlink=1| '''CL Three (3)''']
 
[http://www.bcmpedia.org/w/index.php?title=Category:BcmBoK_2_CL_1D&action=edit&redlink=1| '''CL One (1)'''] | * [http://www.bcmpedia.org/w/index.php?title=Category:BcmBoK_2_CL_2D&action=edit&redlink=1| '''CL Two (2)'''] | * [http://www.bcmpedia.org/w/index.php?title=Category:BcmBoK_2_CL_3D&action=edit&redlink=1| '''CL Three (3)''']
  
 
== Revision Notes ==
 
== Revision Notes ==
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{{Category:All Glossary}}
 
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Revision as of 06:39, 23 August 2017

BCM Planning Methodology

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1. Business Continuity Management Body of Knowledge 2 or BCMBoK 2 provides the minimum expectation for a BCM professional in the area of Risk Analysis and Review.

BCM Institute.jpg
  • Assess risk for organization specific for BCM.
    • Understand the principles of risk assessment.
    • Devise an appropriate scoring mechanism.
    • Identify the types of internal and external threats that could cause a disruption and assess their probability and impact.
    • Evaluate and prioritize threats.
  • Determine risk treatment.
  • Formulate risk treatment strategy.
    • Evaluate risk minimization alternatives against specifications and cost constraints.
    • Review current operational procedures to ensure adequate risk safeguards and plans are in place.
    • Submit risk treatment strategy to executive management for approval.

Related Terms: Risk Analysis and Review.

Analysing And Reviewing The Risks For Business Continuity Planning

Courses

Guidance Notes and Templates

 



 

Body of Knowledge 2: Risk Analysis & Review Definitions

BCM Audit

CL One (1) | * CL Two (2) | * CL Three (3)

Business Continuity

CL One (1) | * CL Two (2) | * CL Three (3)

Crisis Management

CL One (1) | * CL Two (2) | * CL Three (3)

Crisis Management

CL One (1) | * CL Two (2) | * CL Three (3)

Disaster Recovery

CL One (1) | * CL Two (2) | * CL Three (3)

Revision Notes