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

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[[Image:BCM Planning Methodology RAR.jpg|300px|right|BCM Planning Methodology]]
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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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'''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]].
  
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* Assess [[Risk|risk]] for organization specific for BCM.
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*Assess [[Risk|risk]] for organization specific for BCM.  
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** Understand the principles of risk assessment.
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**Understand the principles of risk assessment.  
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** Devise an appropriate scoring mechanism.
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**Devise an appropriate scoring mechanism.  
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** Identify the types of internal and external [[Threat|threats]] that could cause a disruption and assess their probability and impact.
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**Identify the types of internal and external [[Threat|threats]] that could cause a disruption and assess their probability and impact.  
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** Evaluate and prioritize threats.
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**Evaluate and prioritize threats.  
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* Determine [[Risk Treatment|risk treatment]].
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*Determine [[Risk_Treatment|risk treatment]].  
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** Understand the types of risk treatment
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**Understand the types of risk treatment  
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** Undertake risk treatments activities - [[Risk Avoidance| risk avoidance]], [[Risk Reduction| risk reduction]], [[Risk Transference| risk transference]] & [[Risk Acceptance| risk acceptance]].
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**Undertake risk treatments activities - [[Risk_Avoidance|risk avoidance]], [[Risk_Reduction|risk reduction]], [[Risk_Transference|risk transference]] & [[Risk_Acceptance|risk acceptance]].  
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* Formulate risk treatment strategy.
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*Formulate risk treatment strategy.  
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** Evaluate risk minimization alternatives against specifications and cost constraints.
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**Evaluate risk minimization alternatives against specifications and cost constraints.  
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** Review current operational procedures to ensure adequate risk safeguards and plans are in place.
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**Review current operational procedures to ensure adequate risk safeguards and plans are in place.  
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** Submit risk treatment strategy to [[Executive Management| executive management]] for approval.
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**Submit risk treatment strategy to [[Executive_Management|executive management]] for approval.  
  
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Related Terms: [[Risk Analysis and Review]].
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'''Related Terms''': [[Risk_Analysis_and_Review|Risk Analysis and Review]].
  
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{{Template:BCM Course}}
  
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[[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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== Body of Knowledge 2: Risk Analysis & Review Definitions ==
  
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=== 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)''']
  
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'''''Courses'''''
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=== Business Continuity ===
  
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* [http://www.bcm-institute.org/courses/analyzing-and-reviewing-risk-col-313 Attend: Classroom: Risk Analysis Courses]  
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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)''']
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* [http://www.bcm-institute.org/courses/assessing-risk-and-business-impact-requirements Attend: Classroom: Competency-based Risk Analysis Courses]  
 
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* [http://www.bcm-institute.org/courses/risk-analysis-and-review Attend: E-Learning Risk Analysis module]
 
  
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=== 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)''']
  
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'''''Guidance Notes and Templates'''''
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=== Crisis Management ===
  
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*[[Guidance Notes to Complete the Risk Assessment Template]]
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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)''']
  
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=== Disaster Recovery ===
  
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<br><br><br>
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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)''']
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== BCM Body of Knowledge 2: Risk Analysis & Review Definitions ==
 
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* [http://www.bcmpedia.org/w/index.php?title=Category:BcmBoK_2_CL_1B&action=edit&redlink=1| BCM BoK 2 (BC) '''Business Continuity''': Risk Analysis & Review]
 
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* [http://www.bcmpedia.org/w/index.php?title=Category:BcmBoK_2_CL_1C&action=edit&redlink=1| BCM BoK 2 (CM) '''Crisis Management''': Risk Analysis & Review]
 
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* [http://www.bcmpedia.org/w/index.php?title=Category:BcmBoK_2_CL_1CC&action=edit&redlink=1| BCM BoK 2 (CC) '''Crisis Communication''': Risk Analysis & Review]
 
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* [http://www.bcmpedia.org/w/index.php?title=Category:BcmBoK_2_CL_1D&action=edit&redlink=1| BCM BoK 2 (DR) '''Disaster Recovery''': Risk Analysis & Review]
 
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'''Revision Notes'''
 
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== Revision Notes ==
 
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Latest revision as of 03:49, 28 October 2020

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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.
  • 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!
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