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What are some common features included in a risk analysis template?

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Quick Answer

A risk analysis template typically includes the identification of internal and external threats, the probability that each threat will occur and the subsequent impact of each threat. Threats are then detailed using either word descriptors or a numerical scale to objectively quantify the severity of each threat.

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Full Answer

A general guide for determining risk multiplies the likelihood of the threat's occurrence by the overall impact of the threat. Other important elements of effective risk analysis include a system to determine the signs of growing threats, the development of protective measures to prevent the impact of threats and the creation of contingency plans for reacting to the occurrence of a threat.

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