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title: "Risk Assessment Methodology?"
canonical: "https://kb.myframeworks.com.au/space/PROSTIXV48DOC/31100685/Risk%20Assessment%20Methodology%3F"
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The foundation of any risk assessment methodology is the definition of a critical outage. Critical manufacturing processes can often be interrupted for as long as 24 hours without serious implications. The definition of critical outage establishes the basis for the identification and assessment of downtime events.  Operating your business in a redundant system mode or even manually is usually sufficient to keep the majority of your customers satisfied. What your business cannot afford is the loss of income producing data that occurs between your last data backup (usually the previous night – if it has worked) and the disaster occurrence. What Quotes and Sales Orders have been entered? What account sales have been made and do I have a manual record (Delivery Docket, Invoice copy or Picking Slip)? At least with your POS transactions you have the cash in the till but what about CODs, Lay Buys and Special Orders? Two areas are of primary concern - outage duration and the expected frequency of occurrence. Considering the allocation of resources, there is little need to control events with very low frequencies of occurrence.  Questions that need to be asked: