Risk Assessment

Risk Assessment

What is a Risk Assessment?

A risk assessment is fundamental to any organizational risk management program and is a methodology used to identify, assess, and prioritize organizational risk. One way to look at a formal risk assessment process is your organization is now being proactive rather than reactive. If you have the opportunity to anticipate a potential security incident and address the potential adverse impacts, chances are you will be successful and save your business from any operational and reputational loss.

Risk assessments performed by KirkpatrickPrice follow guidance found in NIST Special Publication 800-30. Risk assessments are intended to trigger a thought process to identify vulnerabilities and risks particular to your organization and provide readiness for the various requirements you are facing. A risk assessment should include: conducting a risk assessment survey, identifying risks, assessing the importance and likelihood of risks, creating a risk management plan, and then implementing that plan.