CMGT 442 Individual: Risk Information Sheet || Construction Management Assignment Writing Services

 

 

 

 

CMGT 442 Individual: Risk Information Sheet

 

Create a Risk Information Sheet for at least five potential risks that should be considered.  At least three of the risks you choose should be business continuity and IT disaster recovery related.  As part of this, consider man-made and natural risks that might apply to this particular situation. 

 

Please note the following:

 


  • The risk description should fully describe the risk

  • The probability is the likelihood that the risk will occur (i.e., low, medium, or high)

  • The impact is how the organization will be effected if the risk does occur (i.e., low, medium, or high)

  • The rationale should explain the reasons for your probability and impact assessments

  • The mitigation strategy should explain how each risk will be addressed

  • There should be one risk information sheet for each risk identified

  • The risk information sheets can be completed in Word, Excel®, or PowerPoint®



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The results of your assessment for each risk should be plotted in a Risk Matrix.  One axis should be probability, while the other axis should be impact. The overall risk level will be the intersection of these two factors on the matrix. The risk assessment matrix can be completed in your choice of Word, Excel®, or PowerPoint®.

 

The following is an example of a risk matrix with certain accidents allocated to appropriate cells within the matrix:


 














































 

 

 

 

Negligible

 

Marginal

 

Critical

 

Catastrophic

 

Certain

 

Stubbing Toe

 

 

 

 

 

 

 

Likely

 

 

 

Fall

 

 

 

 

 

Possible

 

 

 

 

 

Major Car Accident

 

 

 

Unlikely

 

 

 

 

 

Aircraft Crash

 

 

 

Rare

 

 

 

 

 

 

 

Major Tsunami 

 

 

 


 

 

 

Risk Information Sheet

Name

Institutional Affiliation

 

 

 

 

 

 

 

 

 

 

 

 

 

Risk Information Sheet

The paper at hand addresses computer systems for the United nations in the Middle East. In this case, it creates a risk information sheet that presents five potential risks, which include business continuity and IT disaster recovery related.

Risk

Description

Probability

Impact

Rationale

Mitigation Strategy

Human error

Mistakes that human resource make when conducting their duties in an organization

Medium

High

Both probability and impact are medium and high respectively because human resource is key in the offered field.

Training and seminars

Data breach

Data breach is referred as information infract

High

High

Advance of technology has increased the probability and impact of data breach

Adequate IT personnel to prevent data breach

Single point of failure

This is a situation where the failure of an element of a network surrounding would take down the rest of the available system

Low

Low

Both probability and impact are low because the risk is not rampant

Maintenance of equipment 

Inadequate resources

Limited budgets as well as smaller staff to maintain, monitor, and enact disaster effort

Low

High

The probability to inadequate resources is low because the firm has sufficient resources. On the other hand, in case the organization experiences inadequate resources, the impact is high

Employment of adequate resources

Response and recovery time

The time taken to respond to a disaster, and this impacts profitability

Medium

Medium

The impact and probability of response and recovery time is medium because the firm tries to achieve the set time to recover when a disaster occurs

Timely response and recovery when a disaster takes place

 


 


 

Negligible


 

Marginal


 

Critical


 

Catastrophic


 

Certain


Data breach


 

 


 

 


 

 


 

Likely


 

 

Human error
 


 

 


 

 


 

Possible


 

 

Inadequate resources
 

 


 


 

 


 

Unlikely


 

 


 

 


Response and time recovery

 


 

 


 

Rare


 

 


 

 


 

 


Single point of failure

 

 

 

 

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