The BCI define risk as the combination of the likelihood (or probability) of an event and its impact (consequences).So, to fully assess a risk, you need to look at the likelihood of an event happening (as well as its impacts).
You can then decide which risks your BCP will cover. Prioritise these by the amount of time you would have to solve them before the MTPD is reached.
Template tip: update the scope of the plan (section 1) and create a new table for each of the disruptive events covered by the plan (section 5). Add the impacts you identified in step 4 to these tables too.
Speaking of risk – we have another template that you might find useful. Especially if your business occupies a building. Check out our fire risk assessment template and discover when you might need one.