What is Risk Analysis?

 is a process that helps

identify and assess potential
threats that could affect the
success of a business or
project. It allows to examine
the risks and includes means
to measure, mitigate and
control them effectively.
Four Stages of Risk Analysis
Risk Identification
Risk Assessment
Response Planning and
Implementation
Risk Monitoring and Control
Risk Identification
 is a process that helps identify and assess
potential threats that could affect the success
of a business or project. It allows to examine
the risks and includes means to measure,
mitigate and control them effectively.
Risk Assessment
 helps to evaluate the significance of each risk and
highlight those that present the greatest threat on the
overall objectives.
 Response Planning
and Implementation
 you need to respond to the assessed risks by developing
options and actions to reduce the probability or impact
of risks. This process should be realistic, cost effective,
agreed upon by key stakeholders and owned by a
responsible person.
Risk Monitoring and
Control
 is the process of identifying, analyzing, and planning for
newly discovered risks and managing identified risks.