Risk Analysis and Possible Controls for a Small Part of a Business System

Perform a risk analysis on a small part
of a business system and provide a list
of possible controls

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
Importance of policies.................................................................................................................3
Policy documents........................................................................................................................3
Types of policies required for information security....................................................................4
Purpose and advantage of risk assessment plan..........................................................................4
Process of risk assessment..........................................................................................................4
Process for making risk management plan..................................................................................5
Asset priority table......................................................................................................................5
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................8

INTRODUCTION
Risk analysis is related to the study of uncertainty about some action within the
organisation. It helps in identifying, measuring and mitigating different risks that are faced by the
business of an organisation. It is important to assess the risks that are important to determine the
worth of a project and the risks associated with it. Denisovan medical supplies is a firm
producing chemical products that are important in the making pharmacological medicines. The
company uses different techniques for producing such products. This report deals with the risk
analysis of the assets for this firm and the importance of policies and risk assessments in the
process.
MAIN BODY
Importance of policies
Policies and procedures are an important part in an organisation and helps in guiding the
employees of the company to perform their day to day operations. Policies helps in ensuring the
level of compliance with regards to the laws and regulations. It helps in the decision- making
process and streamlining it with the internal processes (Connolly, Lang, and Tygar, 2018).
Policies are important in providing consistency, accountability and enabling clarity in the ways
by which the Denisovan medical supplies operates. The employees and workers of the company
will have co- operative guidelines and principles that are supposed to be followed. It will provide
direction regarding the functions that are appropriate and the ones that are inappropriate.
Policy documents
Policy document of an organisation must include header that incudes the name of the
organisation and name of individuals for which this policy is created. It must have a date of when
the policy is proposed and from when it is made operative within the company. It must be written
in simple words that are easily understandable by the readers (Landoll, 2017). A policy
document must be consistent with the terminologies. It should include the purpose of the policy
and the scope for the same. The title of a policy document must reflect the overall content of the
policy.