Risk Identification

Question 1

What is Risk Identification?

Answer 1

It’s the first step in risk management and involves recognizing potential risks that could impact an organization

Question 2

What are the Techniques for Risk Identification?

Answer 2

● Brainstorming
● Checklists
● Interviews
● Scenario Analysis

Question 3

What is Business Impact Analysis?

Answer 3

Process that involves evaluating the potential effects of a disruption to an organization’s business function and processes

Question 4

What is Recovery Time Objective (RTO)?

Answer 4

The limited time within which a business process must be restored after a disruption to avoid potential consequences

Question 5

What is Recovery Point Objective (RPO)?

Answer 5

The amount of time that a business can tolerate data loss and is the point in time that data must resume business operations

Question 6

What is the Mean Time to Repair (MTTR)?

Answer 6

The average time to repair a failed component or system. (A lower mean time means less time to repair.)

Question 7

What is the Mean TIme Between Failures (MTBF)?

Answer 7

The average time between system or component failures and is also a measure of reliability