RISK IDENTIFICATION
-the process of identifying and documenting potential risks that could impact the success of a project, program, or organization. --BENEFIT--
-identify potential threats to your business
-make batter decision
-assess your business vulnerabilitiesRISK ANALYSIS
-the process of identifying,assessing, and prioritizing potential risk that could negetively impact a project, organization, or invstment.RISK MANAGEMENT
-the systematic process of identifying,assessing, and mitigating threats or uncertainties that can affect an organization, project, or individual.i. assets identification
-identifying and classifying
-protect the business from possible threats such as loss, theft, compliance issues. --BENEFIT ASSET IDENTIFICATION--
- real time physical verification and location
- real time and quick access to asset information
- tracking of asset manitenance and status
- increased efficiency and reduced costs
- reduced errors
- time saving process
THREAT IDENTIFICATION
-recognizing potential sources of harm or adverse effects to the assets, such as cyber attacks, natural disasters, or human error. VULNERABILITY
-identifying weaknesses in the system that could be exploited by threats to cause harm or loss.
examples:
-errors or defect in technology
- a bug
- insufficient protrction