Do I need a risk assessment?
Have you ever wondered what would happen if your top sales representative left your company with a client list? Have you considered how much money could be lost if your primary information system was unavailable and none of your backups would restore? Have you thought about would happen in the event of a natural disaster such as a flood or fire? If you don't have a solution available at your time of need, how will you feel and what effect could this have on your business? This is exactly why a risk assessment is absolutely essential. Unfortunately, many businesses do not identify potential risks until it is too late. A risk assessment is like an insurance policy. A proper risk assessment, like an insurance policy allows you to mitigate the effects of a bad event before it happens. It is critical to identify potential risks and to have an insurance policy. It is nearly impossible to predict exactly when insurance may be needed, but for most of us we will need it many times throughout our lives. Now is the time to get a risk assessment, not after a catastrophic event.
We first identify your company assets including property, business, information, people and networks as well as each assets valuation. Next, we specify loss events that apply to your assets and classify the events by their potential frequency. This allows us to predict the impact of certain events. We can now identify options to mitigate potential damaging events and the feasibility of the options. Finally, management will be presented with a cost/benefit analysis and can make an informed decision on what actions should be taken.
How it's done
We first identify your company assets including property, business, information, people and networks as well as each assets valuation. Next we specify loss events that apply to your assets and classify the events by their potential frequency. We now can predict the impact of events. We now identify options to mitigate potential damaging events and the feasibility of the options. Finally, management will be presented with a cost/benefit analysis and can make an informed decision on what actions should be taken.
Phillips Consulting, Inc.