How to Complete a Risk Assessment in 5 Days or Less

46  ◾  How to Complete a Risk Assessment in 5 Days or Less

and identified any existing controls or safeguards in place. When that process was

completed, the team examined each threat for probability of occurrence and the

impact to the business process. e team examined each threat using the existing

controls as a guide. e result of this activity was to assign a relative risk level to

each threat.

Once the risk levels were established, the team identified possible controls that

could reduce the threat risk level to an acceptable range. e team then reviewed

the probability and impact of those specific threats to see whether the new or addi-

tiona ...