High-Risk Activity Risk Assessment Workflow

High-Risk Activity Risk Assessment Initiation

Type: Fill Checklist

High-Risk Activity Risk Assessment Initiation This process involves identifying high-risk activities that require a comprehensive risk assessment. It commences when a new project or initiative is introduced to the organization, requiring an evaluation of its potential risks and impact on business operations. The initiation step includes: * Receiving notifications from stakeholders regarding proposed projects or initiatives * Reviewing project proposals to identify high-risk activities * Conducting preliminary risk assessments to determine the scope and complexity of the risk assessment process * Assigning a risk assessment team to oversee the activity * Developing a risk assessment plan, including timelines, resources, and budget requirements Upon completion of this step, the risk assessment team will have a clear understanding of the project's high-risk activities and can proceed with conducting a detailed risk assessment to identify potential threats and opportunities.