1. Risk Assessment and Risk Management
By: Steve Drochek IV

2. Summary
Risk assessment is the idea of assessing what you need to protect due to the risks associated with it.

3. 3 Easy Steps 1) What are you trying to protect?
2) What are you protecting against?
3) What are you willing to spend to protect said items

4. Assessing your Assets! Tangible Intangible Hard Drives Computers
Printers
Modems
Etc
Intangible
Knowledge of Key personnel
Motivation of employees

5. Note on Assessing Consult a Lawyer on legal actions that are available
Research common threats in the area, be it weather or other

6. Identify Threat Don’t just assume threats have to be people
Natural Disasters
Hurricane
Flood
Fires
Earthquake
Tornadoes
You don’t need to protect for hurricane in Wyoming!

7. Identifying Threats cont.
Building Structural Failure
Other Building Maintanence
Personal Care of Employees
Backup for loss of key personnel
Make sure someone else can do their job

8. To Sum up Threats
Threats are things that will delay the production of your organization…
Cost your organization a lot of money
Some threats have the capability of totally shutting down your organization

9. Review your Risks Prioritize!
Prioritize your risks so that you have the protection you need the most.

10. Rev. the Risks cont.
Again, some risks can be detrimental to your organization
Consider a loss and the cost of that loss
Consider the probability of that loss
Consider the cost of protection

11. Example
If you would lose a lot of money in a few hours due to a power failure
Get a UPS (Uninterruptible Power Source)
If you wouldn’t lose a lot of money it is not worth getting a UPS
Maybe just get battery backups for your systems so that you can save data.

12. Thanks for Listening!
All in all, risk assessment and management is very important to a companies future as every company will experience some sort of loss, be it personnel or hardware. It is important to make sure you take the proper measures to protect your companies functionality.

13. Questions???