Risk Assessment

Explore what makes a Risk Assessment so important to your organisation, and how Fixinc runs one.

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What is Risk Assessment?

Risk assessment is the process of evaluating and analyzing identified risks to determine their potential impact, likelihood of occurrence, and the level of risk they pose to an organization, project, or specific objectives. It involves assessing the significance and severity of risks to inform decision-making and prioritize resources for risk management activities.
resilience ecosystem

How Risk Assessment fits into the Tungsten Diamond.

This component involves evaluating risks based on qualitative and quantitative factors to prioritise them and determine the level of risk tolerance within the organisation. Fixinc will implement the following activities:

  • Risk Analysis
  • Impact assessment
  • Likelihood assessment
  • Risk evaluation
  • Risk prioritisation
  • Risk treatment planning
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