Scenario vs. Asset-Based Risk Assessments: Understanding the Key Differences Risk assessment is a crucial process for organisations to identify, analyse, and mitigate potential threats. Two common approaches to risk assessment are scenario-based and asset-based methods. Each has its strengths and is suited to different contexts. Scenario-Based Risk Assessment Scenario-based risk assessment focuses on identifying potential events or situations that could negatively impact an organisation. It is the one I would recommend for those organisations just starting out looking at the risks faced by their organisation as [...]