With this knowledge a manager can then determine how best to manage risks posed by the hazards. These Excel Worksheets support mapping critical functions and ranking risks in a clear and straightforward manner.
A Model Emergency Response Plan focused on occupant safety - suitable for organizations, businesses, buildings or facilities. A Model Business Continuity Plan focused on critical functions - suitable for organizations, businesses, buildings or facilities. The Excel Workbook provides a robust framework and a flexible template within which you can easily edit performance criteria and adjust performance level requirements.
An example tailored to reflect the performance criteria for Business Continuity Plans stipulated in the Business Continuity Standard BS 25999.
All of the applications need to be categorizing them so that the Disaster Planning Team can start remediating the ones that place the enterprise at the most risk to the business from both a compliance and readiness perspective. Disaster Recovery Business Continuity Template (WORD) - comes with the latest electronic forms and is fully compliant with all mandated US, EU, and ISO requirements.
Included with the template are Electronic Forms which have been designed to lower the cost of maintenance of the plan.
On the other hand, the issue of operational risk has become more important in recent years. Methodologies for managing and evaluating operational risk in information systems that bypass the constraints of VaR have been developed. This paper presents a comprehensive methodology that helps the auditor to overcome the numerous qualitative parameters of the operational risk in e-banking.
In the suggested methodology, the auditors perform a survey on e-banking's operations and define critical areas of risk exposure. The auditor has enough expertise to review the e-banking processes and identify key risk areas and factors. The reliability of the results depends on the degree to which both the risk analyst and the business users actively participate in the process. It is relatively easy for an auditor with average expertise to identify key risk areas and factors. It is easy for business users to assess risk exposure by assigning a grade from zero to three for each key risk factor, according to their own subjective criteria. It integrates the knowledge and objectivity of an external auditor with the knowledge and expertise of the business users.


All business users contribute to the survey, which, on average, makes the final result unbiased. The risk analysts have to prepare a report in which they describe the bank's strategic goals in the context of e-banking. At the end of this stage, the auditor must be in a position to identify for further investigation the residual risk and assess the areas where the risk is eliminated or is insignificant, as well as the areas where the risk is relatively high.
You can use this Risk Management Plan to identify, evaluate and prioritize risks during the software development lifecycle. Risk Managers uses this information to prepare mitigation actions and contingency plans in order to counteract the potential impacts these risk may have on the project’s success. This Risk Management plan is updated and expanded throughout the development life-cycle as the project increases in complexity and risks become more defined. Use our Social Media Policy templates to control your employees’ use of Facebook, Twitter, LinkedIn, Flickr, Blogs and more. The risk evaluation tools calculate risk priorities and contains other Worksheets suitable for recording key elements of the plan.
The Microsoft Excel Worksheets record achievement in an easy to use manner that allows self assessment within a framework of provided evidence (detailed against each criterion). These methods are a mix of expert opinion and self-assessment methodologies, with the use of risk factors as an index for the level of risk.
Then, they set the framework for the survey and prepare questionnaires for the business users to self-assess the level of risk exposure. Despite its subjectivity, the methodology can give unbiased results if enough business users are involved in the process. Nevertheless, if the auditor asks all the business users of e-banking to assess the risk exposure, the final result, on average, is unbiased and reveals the real level of risk exposure. In the first column, analysts list the key e-banking functions and in the second column they list, for each function, all of the risks that have been identified without taking into account any controls or points of risk mitigation that may have been applied to reduce risk exposure (inherent risks). The SWOT analysis will be used to identify the level of operational risk to which the bank is exposed. Analysts use their professional expertise to evaluate the findings of the review process to identify key risk factors and sensitive areas for further investigation.
Risk Identification – the Risk Manager conducts risk identification meetings and uses the Risk Identification report and questionnaire to assist with initial identification of risks. Risk Analysis – this involves categorizing risks, impact analysis, risk reviews, risk acceptance and updating the Risk Log.


Risk Response Planning – next plan mitigation activities, contingency activities, and review the risk action plans.
Risk Plan Implementation – once these are established, monitor trigger events, execute the action plan, and update the Risk Log. The Risk Management Plan is part of the System Concept Development Phase in the Software Development Life Cycle (SDLC). Our framework for assessing your preparedness is built around seven key elements - each underpinned by five assessment criteria.
The business users assess the level of risk by answering a structured questionnaire, which is previously set by the auditors. The second column includes all points of mitigation and control mechanisms that have been applied to reduce every one of the risks identified previously. This product has been developed from best practice approaches to emergency planning and risk management.
Nevertheless, these directives usually focus on a passive approach, since they do not try to actively measure operational risk but rather describe the tools that can be used to minimize it—perhaps because of regulators' worldwide focus on the measurement of Value at Risk (VaR).
Nevertheless, the combination of the expertise of a risk analyst with that of the system users can quantify, at a high level of confidence, the operational risk that the bank is exposed to and indicate critical areas for further investigation. Afterwards, the auditors' responsibility is to collect the answers and put them into spreadsheets to calculate the risk exposure by area. The auditor can identify key risk areas but does not know in detail the daily operations, while the business users know the daily operations but not the total picture. The VaR methodology translates the level of risk into monetary units while it requires extensive historical data to calculate variability and probabilities (loss data). Additionally, the business users may have an interest to hide certain risks from the auditor to make their job easier.
Additionally, operational risk in e-banking is related to a number of qualitative factors that are very difficult to quantify.



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