Bsbmgt515A

In: Business and Management

Submitted By narelle169
Words 338
Pages 2
Activity 4
Also known as an impact and risk analysis an impact assessment is the developmental tool to assist in defining the structure and content of the contingency plan. By performing an impact assessment it aids in providing accurate diagnosis relating to the definition of risk as outlined by the operation plan, what may occur.

The impact of the risk on the operational plan and its projected outcomes, what is the rating of the risk, how will it manifest itself and how damaging will it be to the plan if it eventuates. Coupled with a series of alternatives, recognitions and formulated responses to the risks the information is fed back into the process and forms the contingency plan.

This information can be collated in the form of a matrix; the information can then be measured for weight, possibility of outcome, severity of impact and presented with formulated recommendations for risk minimisation or alternatives.
IMPACT MATRIX

|Header |Description |
|Change Impact |Summary of impact |
|Description |Short description of impact |
|Stakeholder |Include stakeholder groups and/or role (if required) |
|Category |Category identifies the type of impact |
| |People (is there a direct impact on people) |
|…...

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