I am working on an isms implementation for iso 27001:2013. So far whatever risk assessment approaches i have used asset based in which methodology focuses on asset value evaluation, threats, vulnerability and control implementation status values to calculate the risk associated with underlying asset. Lately i have came across a business process based risk assessment. i have searched on google and have found few helpful sites although couldn't manage to find anything concrete in terms of risk assessment methodology one can adopt or relevant templates. looking for help to come up with a formula in process based approach for risk assessment or any sample templates will be greatly appreciated.Thanks in advance.

closed as too broad by Neil Smithline, Tobi Nary, Steffen Ullrich, kalina, Ohnana Apr 17 '16 at 21:27

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  • Please see How to Ask and The perfect question. With better questions, you are more likely to receive better answers faster. Thanks! – Tobi Nary Apr 17 '16 at 18:49
  • Unfortunately, the reason why you did not find anything is because risk management and assessment is a very broad topic, and each business must create a highly personalized plan for themselves. Even companies that specialize in risk assessment (like mine) tend to spitball a LOT. – Ohnana Apr 17 '16 at 21:27

Normally, the risk analysis is process based: You go through the main business processes with the client and then for each process you should find relative assets. For each asset, the impact on the business processes should be clearly defined in case of asset disruption: no impact, low impact, medium impact, high impact and also highlighting the vulnerabilities for each asset. The importance of an asset should be defined according to the importance of the business processes and the impact of this asset.


I think looking on GIAC would be a good place. You can find many practical examples and case studies.

practical-risk-assessment-methodologies or Qualitative vs. Quantitative Risk Assessment


You have the possibility to abstract process risks and the evaluation of them from your asset risks. My definition of process would be "description of business tasks (process 1 would be something like order process management)"

For this approach you would have to sit with the process owner and identify risks that threaten to prevent the intended outcome of the process. The identified risks can be evaluated by probability of occurrence and impact. The process owner than would have to evaluate something like that:

  • probability of occurrence
  • financial loss if risk occurs (in hardware damage)
  • loss in reputation (if you are interested in that kind of thing)
  • financial loss because of violation of contracts or the law

You can put up a matrix typical for quantitative risk assessment (one axis for probabillity of occurrence, one for a combination of the evaluated impact) and categorize all the risks on that basis. This would give you the flexibility to establish a matrix on your own (which is fine for iso 27001:2013!) and covering individual risks that can be defined by the people who actually know the process best.

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