Risk
Management Plan Exercise
More than a good strategy is needed
for a risk management plan. Implementation of the plan must be practiced and
maintained. Complete the following assignment:
- Discuss why each of the following components must be
considered in plan implementation: - Rehearsal
- Maintenance
- Benchmarking
- Assurance and Audit
The completed assignment should be
at least 250 words.
Disaster Assessment & Recovery
Plan
A risk management plan must be
detailed to the point that every aspect of the crisis is considered. Complete
the following assignment:
- Suppose you own a small convenience market, about the
size of a 7-11 or a Circle K, or any other comparable franchise outlet
that you might be more familiar with given your location in the country.
The child of a customer, left in a running vehicle, manages to shift the
car into forward and it plows through the front of your store, sending
debris and stock flying, and causing an indeterminate amount of damage to
your facility. Your final assignment for this course is to prepare a
disaster assessment and recovery plan for resuming business. You will want
to include such information as: - Damage assessment; to the building, to people, to
stock, to utilities. - Identify critical actions; for example, does anyone
need emergency medical care? What do you do about perishables like frozen
foods (if you have lost power)? - Repairs and recovery; including time frames and levels
of business as a percentage of normal operations What might you change
about the way you manage this business to reduce the impact of such an
event in the future? Be as complete and thorough in your analysis of the
situation as you can.
The completed assignment should be
at least 350 words.
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