**2.2 Risk identification**

Risk identification involves the management team and includes evaluation of environmental factors, organizational culture, and the strategic plan of a biobank. Careful attention needs to be given to the business plan and the stakeholder analysis cost/effort estimates, resource plans, and other key project documents.

#### **2.3 Risk analysis**

All recognized existing and probable risks must be evaluated in a matter of classification of the potential variety of consequences in the real case. Criterion must be implemented and discussed for definition, categorization, and regulation of risks. The recognized top risks must be followed and reacted immediately, and there will be some risks which in the given period of development can be ignored.

#### *2.3.1 Risk analysis*

The likelihood and influence of manifestation for individually recognized risks should be evaluated by the team of the given biobank under the moderation of risk manager. The important criteria for this consideration are probability and impact.

Probability


allows one unit to maintain accurate facility temperatures, while the other is serviced or repaired and at the same time may deliver extra cooling capacity for

*Information emergency cases in a biobank. Adapted from: http://blog.fisherbioservices.com/bid/286295/ Defense-in-Depth-Off-Site-Storage-for-Biological-Specimens-and-Biopharmaceuticals-Risk-Mitigation.*

Risk mitigation occurs at all levels of operations. Hence, in the following chapters, we will discuss and explore the possible risks and action strategies, if a risk

In general a risk is an event or condition that, if it occurs, could have a negative

unexpected events [1].

*Risk matrix adapted for use in qualitative risk analysis.*

**2. Risk management plan**

effect on an organization.

occurs (**Figure 2**).

**Figure 1.**

*Risk Management and Assessment*

**Figure 2.**

**74**

#### Impact


Breakdown of risk events, which are ranked by qualitative risk analysis and the consequence results, will be estimated (a numerical rating applied to each risk based on this analysis) and then documented in this section of the risk management plan.
