Risk Assessment

The Risk Assessment is a foundational step in business continuity implementation, in which a company lays out the risks that have potential to disrupt its operations, using a formula that takes into account the factors of probability (likelihood) and impact. Creating this risk landscape allows leadership to visualize the most consequential risks for the company, and consider which resiliency strategies could be put in place to mitigate specific risks, as well as perform risk-specific contingency planning.

The risk environment, now more than ever, is constantly shifting and taking companies by surprise. Lootok performs Risk Assessments using our Risk Matrix Activity, which brings the company's leadership together, stirs thinking about risks using real-world examples and videos, and guides them toward agreement upon the most concerning threats to the company and what actions can be taken to reduce them.

The Risk Assessment can be performed for the entire organization, on a location-by-location basis, or by business segment.