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Business Continuity Planning: Conducting the risk assessment and reporting
Once your team has prepared for the risk assessment phase, you should identify the risks to the key processes (and their dependencies, including manpower, office, information and hardware). Once identified, these risks should be analyzed and ultimately their severity and likelihood should be evaluated. These findings should then be discussed with enterprise risk teams, GRC, department heads, presented to the applicable committee(s) and transferred to your enterprise risk management team for tracking.