At Newcastle Consulting our philosophy on assessments is to
determine strengths and weaknesses within an organization’s
infrastructure. SWOT analysis is a framework for analyzing your
strengths and weaknesses, and the opportunities and threats your
organization will face. This will assist in focusing on your
organizations’ strengths, minimize weaknesses, and take the greatest
possible advantage of opportunities available. SWOT Analysis is just
one of many good techniques that can help your organization build a
strong competitive position. Risk that must be managed is found at the
intersection of assets, vulnerabilities to those assets and threats
capable of exploiting those vulnerabilities.
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What does SWOT Analysis have to do with Assessments? Newcastle Consulting
firmly believes that an organization needs to understand how external
forces play upon the internal business and risk environments. This
analysis in addition to assisting our process for determining threats,
risk and vulnerabilities will ultimately help management better prepare
for future. It will help employees to better participate in business
growth initiatives (improves communication) and risk management (people
controls) which is our ultimate goal for the clients we serve.
Newcastle Consulting advises and educates all clients on the notion
that there is a distinct difference between risk, threat and
vulnerability assessments. Below are their definitions:
- Risk Assessment Analysis – A rational and orderly
approach, as well as comprehensive solution, to problem identification
and probability determination. It is a method for estimating the
expected loss from the occurrence of an adverse event. Questions
regarding an organization’s security exposure can be determined by a
detailed risk assessment analysis.
- Threat Assessment Analysis – A multitude of threats
confront an organization, from criminal acts to natural disasters.
Potential threats must be defined in broad terms, including both
internal and external threats, natural disasters and harmful acts. An
analysis of criminal threats begins with a compilation of data on
losses experienced by the organization.
- Vulnerability Assessment Analysis – A systematic
evaluation in which quantitative or qualitative techniques are used to
predict performance of security measures in place by identifying
exploitable weaknesses in asset protection for a defined threat.
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