Risk analysis is analyzing and defining the factors that threaten the achievement of a goal or the success of a project. In every organization, there are threats that may constantly threaten any activity undertaken. These threats become very serious and more complex with time. Risk analysis entails the sensible methods that are employed to counter these threats. This analysis involves a number of chronological steps that have an aim of restoring the integrity of a process (Neil, 2006).
The first step in risk analysis is the identification of the hazards. At this level, the scope of the risk to be analyzed is identified and carefully designed. These hazards are the things that cause harm on the whole process of an activity (Neil, 2006). These hazards are identified using quite a number of techniques like asking other people or walking around the environment of the organization.
Security survey gives a wide view of an organization and the security measures that exist. These include the control and security considerations that an organization adopts so as to safeguard assets, to ensure the records are reliable and accurate and to encourage efficient operations that are according to the outlined procedures (Neil, 2006).
The main objective of security survey is to ensure there is to maximize the effect that is as a result of the overall risk management approach. Setting criteria helps the survey to meet its goals. Therefore, security survey helps in quantifying and identifying the risks. It also assists in the measurement of the mitigation that is happening within an organization and thus assisting in the verification of the program or process under focus (Neil, 2006). It also determines the suitability of the equipment and tools used in the assessment process of a project. Therefore, this is a proactive measure used to control the current threats and those yet to come.
- Neil, C. (2006). An Approach to Risk Management (2 ed.). Cambridge. Oxford. Oxford University.