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Evaluate business risk

Be aware of risks so you can keep your business on track.

On this page

  • Know what a risk is
  • Evaluate the potential risks to your business

What are the common risks?

The components to be considered are people, processes, premises, providers, profiles and performance.

People

  • What changes of roles and responsibilities might be required should some staff no longer be able to work?
  • What levels of awareness and education about the plan/contingencies do particular staff require?
  • What is the likely availability of people (existing and/or replacement staff) to keep the business going during/after a disaster?
  • What might be the emotional impact of the disaster on your staff members and what support processes might you have to access in the recovery phase?
  • What might your people need in order for their own home situations to recover from a disaster?

Processes

  • What organisational processes (manufacturing, sales, delivery, financial, IT) do you run and what changes might you have to make to them in a post-disaster situation?
  • How would your communications (both internal and external) be affected and what non-traditional communication methods might you require to stay connected?
  • What formalised planning have you done, where is it stored and who knows about it should it be required?

Premises

  • What might the impact be on buildings and facilities for staff, customers and suppliers?
  • What alternative buildings and/or facilities could you use as a backup or in an emergency?
  • How can you minimise the impact of potential disaster with security, sprinkler and other risk minimisation actions?

Providers

  • How could you protect an ongoing supply chain (purchased goods and/or raw materials) if either their or your business were affected by a disaster?
  • Who are your contractors or the people you outsource work to?
  • Do you have a complete list of their contact details?
  • Who provides your communication, sanitation and other essential services?
  • Do you have a list of their contact details?
  • Are all your lists backed up with copies held somewhere off site?
  • In the event of a disaster, what alternative sources do you have to supply the services your business requires?

Profile

  • How might your brand, image and reputation in the marketplace be affected after a disaster? What elements do you need to protect and how would you do that?
  • How would you prepare for a heightened awareness of your brand/market profile in a post-disaster situation?

Performance

  • How long would it take you to re-establish accepted benchmarking standards post-disaster?
  • How would you evaluate and audit your post-disaster recovery processes to check on their relevance and/or effectiveness?

Attend a Crisis Planning for Business workshop