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My Introspective

by Laurus Nobilis
My BrainCast

Strategic Management

Risk Universe: Information

 

Risk Register in Risk Management

 

 

 

 

 

What is the role of risk register in preparation for potential risks? How the risk weight and impact should be calculated?

 

Posted: Mar 2012


 

 

 

 

 

 

 

 

 

 

RISK UNIVERSE ASSET CATEGORY: INFORMATION

1. Lack of information for decision making: Failure to capture or inability to analyse required information impacts ability to plan or operate; available information is unreliable or inaccurate.

 

2. Loss of Access to Information: Ability to meet business objectives is affected by inability to access information e.g. by software/ server/ network failure, virus introduction; destruction of documents.

 

Risk Universe - Information

 

3. Unauthorised Access to Information: Business is seriously affected by intrusion to systems by competitors/ hackers/ external users; disclosure through consultants/ contractors/ employees; theft of hardware; theft of or unauthorized access to documents.

 

4. Information infrastructure design: Inefficiency of information management increases costs; inability to store, manage and communicate information effectively impacts ability to plan or operate.

Related Reading:

Risk Analysis
Risk Register as a Tool of Risk Management
Risk Universe: People Assets
Risk Universe: Product and Marketing Assets
Risk Universe: Infrastructure Assets
Risk Universe: Information Assets
Risk Universe: Finance Assets

 

 

 

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