ABSTRACT
The purpose of the Risk Assessment toolkit is to depict how organizations can manage risks associated with projects, systems, applications and departments. Before an organization can use the toolkit as described here, they will need to complete the administrative side of risk management. This includes formulating policies, completing SWOT analysis on each proposed asset, project feasibility analysis and they must complete asset valuations. Once, that is completed the organization will move on to the assessment phase. In the assessment phase an organization will utilize the toolkit to discover the impact that the risk will have on their organization and they will be provided a summary of the impacts of each risk. Next, the organization will need to complete the alleviation process. In the alleviation process the organization will review what options they have, what remediation techniques they can perform, and they will continue to monitor major assets. Once an organization completes these three methods of risk management multiple times, their organization will experience significantly less risks and increased capabilities.
