A risk analysis has the following components:
1. Threat (the risk) - What might go wrong?
2. Consequence (the result of the risk) - What might the effect be if the risk occurs?
3. Cause (reason) - Why might the risk occur?
4. Likelihood of the risk occurring - scale of 1 to 5
5. Severity of the consequence - scale of 1 to 5
6. Risk score - likelihood rating * severity rating
7. Mitigation Strategies - how might the likelihood be reduced or the severity diminished?
The risk analysis will be formatted as a table, with one risk per row.
Before we continue with the risk analysis, please let me know whether you understand the risk analysis components and the format I want.