BCMBoK 2: Risk Analysis & Review

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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.

• 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.
  • Understand the types of risk treatment
  • Undertake risk treatments activities - risk avoidance, risk reduction, risk transference & 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 for approval.

Related Terms: Risk Analysis and Review.

BCM Institute's Professional Training and Certification

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

Analysing And Reviewing The Risks For Business Continuity Planning BUY!