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.
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
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