Selecting the Right Risk Approach for Your Business
You can approach risk within a BC context in a number of different ways, and in this chapter we offer two:
Simple risk approach: A very simple way to deal with risks that deliberately looks only at the impact of them occurring.
Risk-management approach: A more detailed (though uncomplicated) method if you also want an idea of the things that can affect your business and to gauge and assess how likely they are to happen.
Looking at the simple risk approach
Taking this simple approach may mean that you’re able to skip through most of this chapter, but only if you feel comfortable doing so.
Generally, the key to risk is understanding it. After all, risks aren’t always obvious and for the most part, unless you go searching for them, they stay hidden. However, in BC you want to focus on the impact of disruption ...