Risk

Risk Analysis Process

1. Define the Risk.

2. Define the objective.

3. Evaluate current measures and resources.

4. Identify the risk.

5. Evaluate the risk.

6. Select risk reduction measures.

7. Develop risk reduction measures.

8. Implement risk reduction measures.

9. Evaluate risk reduction measures.

10. Redefine risk identification and restart the risk analysis process.

Source: Fennelly, L.J. (2004). Handbook of Loss Prevention and Crime Prevention (Fourth Edition). Elsevier Butterworth-Heinemann.