• What could cause a service or component to fail? Examples can include fire, flood and security breaches in addition to simple mechanical or electrical failure.
• What is the likelihood of this happening? In other words, what are the chances that each of the events defined above could occur?
• What is the impact of such an occurrence? If one of the events did occur,
what effect would this have on the business? This might be expressed in terms of the impact on its reputation, its customers, its finances or its legal
or compliance requirements, for example.