Key Person Analysis
Key Person Analysis is a process of identifying and assessing individuals who are critical to the success or failure of a business or organization. Key person analysis can be conducted both internally and externally.
Key person analysis: The most important in a nutshell
- Key persons are unique individuals who have company-specific experience and tacit knowledge.
- Their failure would be of considerable consequence for the company and can lead to significant disruptions.
- Internal key persons are employees who are important for certain processes and procedures of the company.
- External key persons can be business partners, suppliers, customers and other stakeholders.
- The key person analysis is an ongoing process and should be updated regularly.
What are key people?
Basically, a key person in a company can be said to have a measure of decision-making authority, process knowledge, access to sensitive information or areas, which makes you a strategic asset to a company. Examples may include the following positions:
- GL Member
- VR Member
- Chief Security Officer
- Directorial Assistant
- IT Supporter
Why do I have to deal with this?
Knowing these key people or positions is elemental for management to minimize the risk of failure and ensure longer-term success.
How does SBIS support?
Once the key persons have been identified in a first step by means of the analysis, a structured and comprehensible risk identification and assessment can be carried out methodically in further sub-steps. SBIS supports you in the analysis and also in the further handling of the key persons.