Risk Assessment: The first step in disaster planning
Risk Assessment: The first step in disaster planning Before you can begin making any specific plans to handle a major event which threatens your firm's capacity to do business, an analysis of the threats and hazards in the environment needs to be put together. This first step is known as a risk assessment. It details the hazards that have the potential to damage your ability to provide your products and services in a timely fashion. Some possible major risks could include Cyber attacks Loss of key personnel Labor disputes or strikes Pandemics Workplace violence Natural disasters such as floods, hurricanes, earthquakes, wildfires, etc. Fires Terrorist attacks Civil unrest It is also important to keep in mind that any of these above risks could attack a link in your supply chain, which could be just as debilitating as if the event directly hit your business. Because of the strong reliance on just-in-time inventories and lengthy supply chains, t...