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The Risk analysis is defined as the risk assessment, risk characterization, risk communication, risk management, and policy relating to risk. The assessment, characterization, communication and management should be kept from out of the risk in order for the smooth running of the organization. The threats such as physical, chemical, and biological agents and from a variety of human activities as well as natural events may result in the risk factor. In risk analysis, we analyze risks of concern to individuals, to public and private sector organizations, and to society at various geographic scales.

Regardless of the prevention techniques employed, possible threats could arise inside or outside the organization need to be assessed. The exact nature of potential disasters is difficult to determine, it is beneficial to perform a comprehensive risk assessment of all threats that can realistically occur to the organization. Regardless of the type of threat, the goals of business recovery planning are to ensure the safety of customers, employees and other personnel during and following a disaster. The probability of a disaster occurring should be determined. Potential exposures may be classified as natural, technical, or human threats. Other Examples includes Natural Threats such as internal flooding, external flooding, internal fire, external fire, seismic activity, high winds, snow and ice storms, volcanic eruption, tornado, hurricane, epidemic, tidal wave, typhoon. Technical Threats such as power failure/fluctuation, heating, ventilation or air conditioning failure, malfunction or failure of CPU, failure of system software, failure of application software, telecommunications failure, gas leaks, communications failure, nuclear fallout.

In Risk Analysis, the planning process should identify and measure the likelihood of all potential risks and the impact on the organization if that threat occurred. In automated departments, important records remain outside the system, such as legal files, PC data, software stored on diskettes, or supporting documentation. In main office, computer center functions must be relocated. Certain assumptions may be necessary to uniformly apply ratings to each potential threat. The assumptions during the risk assessment process could range between 1 and 3 for any facility given a specific set of circumstances, ratings applied should reflect anticipated, likely or expected impact on each area.

The risk analysis is broadly classified into two types as follows. In the Risk Analysis [1], we use the available information to determine how often specified events may occur and the magnitude of their consequences. In Risk Analysis [2], a systematic approach for describing and calculating risk. The risk analysis process is an important aspect of business recovery planning. The probability of a disaster occurring in an organization is highly uncertain. A business recovery plan, however, is similar to liability insurance. It provides a certain level of comfort in knowing that if a major catastrophe occurs, it will not result in financial disaster for the organization. Insurance may does not provide all means to ensure continuity of the organization’s operations, and may not compensate for the loss of data during business.

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