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PANDEMIC PLANNING FOR BUSINESSES
RISK ASSESSMENT
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RISK ASSESSMENT INTRODUCTION
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Know your exposure. One of the first tasks any business should complete before launching into business continuity preparations for the bird flu threat is a risk assessment.
You need to assess the risks to your business. Some businesses will suffer more than others. Some are more or less exposed in some areas than others.
There is little point in spending money, management time and other resources in an area which would have little operational effect during a disruption. Conversely you do not want an area where there is high exposure to not have a contingency plan in place.
It is worthy of note that during SARS, The Hong Kong Trade Development Council reported that 65% of businesses suffered to some extent in their bottom line, many of those went under. 33% managed to survive unscathed and an incredible 2% of businesses actually saw an improvement.
So how come they were ready to take up the slack? It was because they had some sort of plan in place, even if it wasn't designed for something like SARS.
A business which has assessed risk, and which has a contingency plan in place for each of those risks, will be better positioned to capitalise on the opportunities that something like Bird Flu will bring.
Many competitors will stumble, and the opportunity will present itself for those with a plan to take up the slack and ultimately increase their bottom line.
Make sure your business is one of those that is ready, rather than one of those which will stumble, and lose customers as soon a disruption occurs.
Whilst it is arguable that this Risk Assessment is over simplified, it is designed to be completed internally without the resources, funding and expertise that would normally be required to perform the type of Risk Assessment offered by professional consulting firms.
Should you find that you need to conduct such an in-depth Risk Assessment you should either commission a professional consulting firm or try one of the many Risk Assessment Software products available on the market.
If you are looking for a more in-depth look at your business processes consider doing a full Business Impact Analysis (BIA).
This will allow you, among other things, to separate the risks to your businesses which threaten mission critical processes, from the risks which threaten non-critical processes.
The benefit of doing this, of course, is that you won't waste time and money on non-critical risks whilst leaving mission critical risks unchecked. If you need help doing a BIA, see the BIA section of the manual.
To see our Business Impact Analysis section, simply subscribe, then access it from the restricted Bird Flu Manual Online "Contents Page". Subscription is free.
The Risk Analysis provided covers the four principal areas on which all businesses are reliant, namely:
What are your critical processes? Who are your critical people? Which are your critical suppliers? What utilities do you rely on?Look at how you are currently assessing your risk, if at all. How you are assessing which of these is most to least exposed, and know which low impact failures if combined would result in high impact disruption.
Analyse your exposure, conduct a
We encourage you to put together your own risk assessment forms. You are welcome to use (for your own use only) the risk assessment forms in the images of the templates we have provided for you in the links above.These templates are generic and work for almost all businesses, however you may wish to customize them to suit your own needs if necessary.
If you’re looking for all the tutorials, templates and tools you’ll need to prepare your business for pandemic flu, including conducting your own risk assessment, check out the Pandemic Response Manual for Business Preparedness and Survival.
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