What does risk assessment primarily quantify?

Risk assessment primarily focuses on identifying and quantifying potential threats and the probability of their occurrence. This process involves systematically evaluating risks that could adversely affect an organization's objectives and operations. By determining the likelihood of different threats—such as natural disasters, cyber threats, or other vulnerabilities—organizations can prioritize their risk management efforts effectively.

The emphasis on threats and their probabilities is critical because it informs decision-making processes, allowing organizations to implement appropriate mitigation strategies to reduce the impact of these risks. Therefore, a well-conducted risk assessment serves as a foundational element for developing a robust business continuity plan, ensuring that resources are allocated efficiently towards the most significant threats.