An Effective Catastrophic And Recovery Plan Essay
Water Tots chooses to retain the risk exposure, but plan for best possible outcomes.
Annually, locations susceptible to hurricanes, like Florida, undergo hurricane preparedness week, which was May 25 - 21 this year (Hurricane, 2016). Water Tots chose to use the Business Risk Model, which is a common model, to determine environment, operations, financial, technology, and decision making risk (Fraser & Simkins, 2010). Outside of using staff and consultants, Water Tots will use the tools prepared by The National Weather Service and follow their daily tips (Hurricane, 2016). Typically, a warning or watch will be announced within 36 hours of a life threatening event (O’Donnell, 2015).
What is the risk that Water Tots will have to implement the catastrophic plan? Unfortunately, this is hard…