Criticality Assessment Matrix

Criticality Assessment Matrix Template for Canada

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Key Requirements PROMPT example:

"I need a Criticality Assessment Matrix for a Canadian healthcare facility that emphasizes patient safety and medical equipment reliability, while ensuring compliance with Ontario healthcare regulations and emergency preparedness requirements."

Document background

The Criticality Assessment Matrix serves as an essential tool for Canadian organizations in identifying, evaluating, and prioritizing critical business elements that require specific attention and resources. This document is typically implemented when organizations need to establish a systematic approach to risk assessment, comply with regulatory requirements, or enhance their business continuity planning. The matrix incorporates Canadian federal and provincial regulatory requirements, industry standards, and best practices for risk assessment. It provides a standardized methodology for evaluating various business components based on their importance to operations, potential impact of failure, and recovery requirements. The document is particularly valuable during business impact analyses, emergency planning, resource allocation decisions, and when establishing risk management strategies.

Suggested Sections

1. Purpose and Scope: Defines the objectives of the criticality assessment matrix and its intended application within the organization

2. Definitions and Terminology: Clear definitions of key terms used throughout the matrix, including criticality levels, risk categories, and assessment criteria

3. Assessment Methodology: Detailed explanation of the evaluation process, scoring system, and assessment criteria

4. Criticality Levels: Definition and description of each criticality level (e.g., Critical, High, Medium, Low) and their implications

5. Impact Categories: Description of various impact types to be assessed (e.g., Financial, Operational, Reputational, Safety, Environmental)

6. Scoring Criteria: Specific metrics and thresholds for each impact category and criticality level

7. Assessment Process: Step-by-step procedure for conducting the criticality assessment

8. Roles and Responsibilities: Definition of key stakeholders and their responsibilities in the assessment process

9. Review and Update Procedures: Guidelines for periodic review and updating of assessments and the matrix itself

Optional Sections

1. Industry-Specific Considerations: Additional criteria or considerations specific to particular industries or sectors

2. Regulatory Compliance: Specific section addressing how the matrix aligns with relevant regulations and standards

3. Risk Mitigation Strategies: Guidelines for developing risk mitigation plans based on criticality assessment results

4. Emergency Response Integration: How the criticality assessment integrates with emergency response and business continuity planning

5. Change Management: Procedures for managing changes to assessed systems or processes

6. Vendor/Third-Party Assessment: Methodology for assessing criticality of vendor-provided services or third-party dependencies

Suggested Schedules

1. Appendix A: Assessment Templates: Standardized forms and templates for conducting criticality assessments

2. Appendix B: Scoring Guidelines: Detailed guidelines and examples for applying scoring criteria

3. Appendix C: Impact Category Matrices: Detailed matrices showing the relationship between impact categories and criticality levels

4. Appendix D: Sample Assessments: Example assessments demonstrating proper application of the matrix

5. Schedule 1: Review Calendar: Schedule of regular reviews and updates for different types of assets/processes

6. Schedule 2: Stakeholder Contact List: List of key stakeholders and their contact information for assessment processes

7. Schedule 3: Regulatory Requirements: Detailed listing of relevant regulatory requirements and compliance standards

Authors

Alex Denne

Head of Growth (Open Source Law) @ ��Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Healthcare

Financial Services

Energy and Utilities

Manufacturing

Transportation and Logistics

Information Technology

Telecommunications

Government and Public Sector

Mining and Natural Resources

Critical Infrastructure

Chemical and Hazardous Materials

Food and Agriculture

Relevant Teams

Risk Management

Business Continuity

Operations

Compliance

Health and Safety

Information Technology

Security

Facilities Management

Quality Assurance

Emergency Response

Internal Audit

Environmental Management

Process Safety

Asset Management

Relevant Roles

Risk Manager

Business Continuity Manager

Emergency Preparedness Coordinator

Operations Director

Chief Risk Officer

Health and Safety Manager

Compliance Officer

Security Manager

Facilities Manager

IT Infrastructure Manager

Quality Assurance Manager

Environmental Health and Safety Specialist

Asset Management Director

Process Safety Manager

Audit Manager

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