Final answer:
The most important factor to be analyzed during operations risk assessment is contingency planning. Severability of impact and back-up strategies available are also important considerations. Risk location should be assessed depending on the nature of the operations.
Step-by-step explanation:
During an operations risk assessment, several factors should be analyzed to ensure effective risk management. While all the options mentioned in the question are important, the most crucial factor to be analyzed is contingency planning. Contingency planning involves developing and implementing strategies to respond to potential risks and minimize their impact on business operations.
Severability of impact and back-up strategies available are also important considerations in operations risk assessment. Severability of impact refers to the extent to which a risk event can be isolated and its impact minimized. Having back-up strategies available provides alternative solutions or resources to mitigate the impact of a risk event.
Risk location may be a consideration depending on the nature of the operations. For example, if a business operates in a region prone to natural disasters, evaluating the risk location becomes vital in determining the likelihood and potential impact of such events.