Business Oriented risk assessment methodology iag

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This document outlines Brian Keith Seitz's Business Oriented Risk Assessment & Management (BORAM) methodology. The methodology addresses the likelihood and consequences of failure to prioritize risk mitigation strategies. It involves identifying critical business processes, the supporting technologies, and characterizing the organizational impact of technology failures. The goal is to determine when process failures become critical based on time to effect and time to repair in order to assess technology risks.

Business Oriented Risk
Assessment & Management
Methodology
BRIAN KEITH SEITZ
INTELLECTUAL ARBITRAGE GROUP

Approach
Address elements of risk:
 Likelihood of Failure
 Consequence of Failure
To aid in prioritizing mitigation and avoidance
strategies.
Brian Keith Seitz
Intellectual Arbitrage Group.

Risk Elements
 Likelihood of Failure
 Complexity
 Probability
 Consequence of Failure
 Catastrophic (Human loss or injury)
 Critical (degrades business system beyond acceptable
limits, create shut-down or significant business loss )
 Major (degrades business system beyond acceptable
limits, create business loss)
 Minor (doe not degrade business system beyond
acceptable limits)
Brian Keith Seitz
Intellectual Arbitrage Group.

Determine Criticality
Brian Keith Seitz
Intellectual Arbitrage Group.
When does a process failure become critical ?
• Time to critical effect to business
• Time to repair and recover
What are the core Business processes ?
• What must keep operating and when ?

Identify technology failure’s
organizational effect
Brian Keith Seitz
Intellectual Arbitrage Group.
• Map Technology to processes
• Determine technology path fitness
• Determine technology network risk

Risk Assessment Methodology
Brian Keith Seitz
Intellectual Arbitrage Group.
Effect
Priority
Identify
Business Processes
Determine
Critical Processes
Identify
Supporting Technology
Determine
Technology’
Organizational Impact
Characterize
Business Processes

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Business Oriented risk assessment methodology iag

1. Business Oriented Risk Assessment & Management Methodology BRIAN KEITH SEITZ INTELLECTUAL ARBITRAGE GROUP

2. Approach Address elements of risk:  Likelihood of Failure  Consequence of Failure To aid in prioritizing mitigation and avoidance strategies. Brian Keith Seitz Intellectual Arbitrage Group.

3. Risk Elements  Likelihood of Failure  Complexity  Probability  Consequence of Failure  Catastrophic (Human loss or injury)  Critical (degrades business system beyond acceptable limits, create shut-down or significant business loss )  Major (degrades business system beyond acceptable limits, create business loss)  Minor (doe not degrade business system beyond acceptable limits) Brian Keith Seitz Intellectual Arbitrage Group.

4. Determine Criticality Brian Keith Seitz Intellectual Arbitrage Group. When does a process failure become critical ? • Time to critical effect to business • Time to repair and recover What are the core Business processes ? • What must keep operating and when ?

5. Identify technology failure’s organizational effect Brian Keith Seitz Intellectual Arbitrage Group. • Map Technology to processes • Determine technology path fitness • Determine technology network risk

6. Risk Assessment Methodology Brian Keith Seitz Intellectual Arbitrage Group. Effect Priority Identify Business Processes Determine Critical Processes Identify Supporting Technology Determine Technology’ Organizational Impact Characterize Business Processes

7. Risk Assessment Methodology Brian Keith Seitz Intellectual Arbitrage Group. Effect Priority Identify Business Processes Determine Critical Processes Identify Supporting Technology Determine Technology’ Organizational Impact Characterize Business Processes

Business Oriented risk assessment methodology iag

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