Risk Management

Risk Inventory

The risk inventory is done to create a checklist of potential risks to evaluate the likelihood of occurrence. Some organizations develop risk checklists based on past experiences. These checklists can be helpful in building a more comprehensive list. Identifying the sources of risk by category is another method for exploring potential risk. Some examples of categories for potential risks include the following:

• Equipment/Technical


• Human Factors


• System Vulnerabilities


• Malicious Attacks


• Theft


• Weather/Natural Disasters


• Financial/Cost


• Contractual


• Political/Legal


• Environmental/Physical

For example, a human factor risk would include the inability to find an employee with the skills needed to properly complete a task or protect resources.