What is another term for IT risk scenario analysis?

The term "stress test" is often associated with IT risk scenario analysis because it involves evaluating how critical systems respond under adverse conditions or extreme scenarios. This type of analysis helps organizations identify vulnerabilities and assess their resilience to potential risks, such as natural disasters, cyber-attacks, or system failures. By simulating stressful conditions, organizations can gain insights into the effectiveness of their controls and risk mitigation strategies.

In the context of risk management, scenario analysis often includes identifying different potential risk scenarios and evaluating their impacts. While the other terms mentioned, like impact assessment or risk assessment, also relate to the management of risks, they do not specifically encompass the concept of simulated testing under stress conditions in the same way that a stress test does. Therefore, stress testing becomes a pivotal method in scenario analysis, making the connection between the two concepts more apt.

Scenario planning, on the other hand, primarily focuses on preparing for multiple future possibilities without the direct hands-on examination of system performance under pressure. Impact assessment typically deals with analyzing potential effects but does not imply the active simulation of scenarios, which is core to stress testing.