Conduct a risk assessment of your business operations, office space, critical business elements, exterior environment, etc., to identify your risks exposure. Develop and test a business continuity plan that includes emergency procedures and communications, a leadership succession plan for all key positions
Risk identification is a very important stage in any company operational plan. It involves the recognition, filtering and ranking of potential risks in relation to events that may take place during operational times. Organisations are increasingly being expected to demonstrate that they have effectively evaluated the risks they are exposed to and have put into place appropriate controls to try to prevent the occurrence of ‘worse case’ scenarios.