The adoption of the policies we operate with come beneficially to the company, as they assist us in adequate managerial aspects of the business by cause of administering the "do 's" and the "don 'ts" of our company and which actions made within our company are appropriate. One of our top priorities is to manage the information you give us, this signifies only the highest certified directors…
understanding of the realities of response through drills, tabletop exercises, functional exercise, and full-scale exercise. By engaging in these activities, one is able to identify any shortfalls or failures that may exist in planning, training, organization, or equipment (pp. 105). The planning cycle would not be complete without evaluating its procedures and taking corrective measures for future actions. The plans, equipment, and trained staff are examined in an imaginary scenario, and any…
IT Strategies Major information technology strategies which may be relevant to Wobbly Wheels Company include; a) Provision of warehousing services as an internal strategy. This service is aimed at helping all customers in the quest of reducing delivery time. This will make the products of the company available more locally, hence cost reduction on the part of the company. Record keeping will thus be facilitated and this will allow for effective audit procedures in compliance with the Sarbanes…
Two Experts Discuss BCM Scenarios Exercise Colonel D: Major A, we’ve spoken a lot about business continuity earthquake exercise and it’s crises management. How do you weigh the challenges CXO level management people are facing day by day? What new trends and techniques are you planning to stay ahead that helps the crises management team to take quick/right decision in right time? Major A: Evidently, as CXO management have confirmed, there is certainly a shift in progress with more and more…
The Dodd-Frank Act was a piece of legislature passed by the Obama administration in 2010. This act is formally known as the Dodd-Frank Act Wall Street Reform and Consumer Protection Act. This piece of legislature was a response to the financial crisis of 2008. The Dodd-Frank Act at the time of passing consisted of 2,307 pages, 16 titles and 540 sections of law. This piece of legislation was named after Senator Christopher J. Dodd and Representative Barney Frank who had endorsed this act. This…
Explained how a business can analyze the return on investment of a disaster recovery plan The organization should do a Business Impact Analysis (BIA) which should calculate what might happen if there was an interruption of a business function and what information is needed to develop a recovery strategy. When doing a risk management test a potential lost scenarios should be identified. There are many types of scenarios to consider doing a disaster, like loss of goods from your suppliers, delay…
their impact on business when these critical functions are disrupted. This information forms the foundation of recovery strategies, investment in prevention and mitigation strategies (www.ready.gov). BIA identifies the critical business functions and their impact but do not recommend solutions, which is later covered in the scope of Business Continuity Plan. BIA acts as an input provider to BCP. In a nutshell, one can define BIA is a top down approach for (i) Identifying critical business…
have non-physical such as data breaches and system failures. In order for us to complete our security plan we need to create a disaster plan to help us should an unfortunate event occur. The first step in creating a disaster plan is to conduct a business impact analysis (BIA). To conduct a BIA, we must first start by figuring out all the systems and applications we use and where each of them reside.(searchhealthit.techtarget.com) Then once we know what we have we take that information and then…
event. The risk matrix enables the bean counter to place money where they will get the best return or best bang for its buck. The finial, but certainly not the last benefit that risk management provides homeland security is strategic planning. Strategic planning enables homeland security to “view long term in order to building capabilities that can mitigate risk through prevention, protection, response, and recovery activities” ( (Department of Homeland Security, 2011, p.10). Basically, his…
3. Design an incident response plan for your home computer if there is a fire exploring actions taken before, during and after the incident (see page 85 in book for a hint). An incident response plan is a list of instructions or guidelines that prepares the user what to in case there is an attack or security breach. An attack may be anything from a virus attack, power failure, fire, burst water pipe, to an ISP failure. The best solution would be to handle the situation in which the least…