Risk Analysis
Introduction
Normally risk is the chance that a threat will change into a disaster. Vulnerability and threat are not dangerous, taken separately. But if they come together they become a risk, in other words the probability that a disaster will happen. Nevertheless risks can be reduced or managed. If we are careful about how we treat the environment and if we are aware of our weaknesses and vulnerabilities to existing hazards, then we can take measures to make sure that hazards do not turn into disasters.
To every organization on world, there are risks. If they unable to manage and reduce their risks they will unable to archive organization’s goals, vision and mission which will lead them to great failure.
Risk management is process of Identifying and analyzing all possible risks before they happen and setting up procedures that will avoid the risk, or minimize its impact, or cope with its impact.
The process for risk management is described in the following sections and consists of the following activities: * Identifying * Estimating * Evaluating * Planning * Implementing Risk Responses
Purpose
As every other organization The Company “Trend Master Limited” must have risk which will lead the company to great loss. This report is about * Identifying threat to the Trend Master Limited and there IS\IT * Estimating * Evaluate the risks * Plan risk responses * Implement risk reduction actions
This report includes mainly all possible threads to Trend Master Limited and its information system. Including physical and non-physical risk (IT-Risk) to the organization and its employees.
Risks to the Trend Master Limited and Trend Master Limited and there IS\IT
Types of Risks to the Trend Master Limited
As mentioned above there are risks to trend master company which can impact on the company. In basically risks which can impact on this company can be mainly categorized as following diagram
Physical Risks
A
Normally risk is the chance that a threat will change into a disaster. Vulnerability and threat are not dangerous, taken separately. But if they come together they become a risk, in other words the probability that a disaster will happen. Nevertheless risks can be reduced or managed. If we are careful about how we treat the environment and if we are aware of our weaknesses and vulnerabilities to existing hazards, then we can take measures to make sure that hazards do not turn into disasters.
To every organization on world, there are risks. If they unable to manage and reduce their risks they will unable to archive organization’s goals, vision and mission which will lead them to great failure.
Risk management is process of Identifying and analyzing all possible risks before they happen and setting up procedures that will avoid the risk, or minimize its impact, or cope with its impact.
The process for risk management is described in the following sections and consists of the following activities: * Identifying * Estimating * Evaluating * Planning * Implementing Risk Responses
Purpose
As every other organization The Company “Trend Master Limited” must have risk which will lead the company to great loss. This report is about * Identifying threat to the Trend Master Limited and there IS\IT * Estimating * Evaluate the risks * Plan risk responses * Implement risk reduction actions
This report includes mainly all possible threads to Trend Master Limited and its information system. Including physical and non-physical risk (IT-Risk) to the organization and its employees.
Risks to the Trend Master Limited and Trend Master Limited and there IS\IT
Types of Risks to the Trend Master Limited
As mentioned above there are risks to trend master company which can impact on the company. In basically risks which can impact on this company can be mainly categorized as following diagram
Physical Risks
A