Resource Allocation Plan And Conducting A Risk Assessment

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Business Finance


Note: There are 2 parts to this assignment.

outline needed 3/8/2019

Part 1

Based on the John Harrald (et al) article titled “Review of Risk-Based Prioritization/Decision Making Methodologies for Dams,” and your independent research, choose at least 1 method of vulnerability analysis and conduct a risk assessment (RA) using a model of your choice or from the example provided in this Phase’s materials. There are many models to choose from, and sector-specific plans may assist you in locating 1 for your sector (communication) .

After selecting and properly referencing the source of your RA methodology, complete the following:

  • Describe how it works.
  • Complete the analysis of your asset.
  • Report the findings.
  • Be sure to identify, list, and describe threats, vulnerabilities, consequences, and risks.
  • After identifying the greatest risks, offer some realistic mitigation measures.
    • These should be well-researched and sophisticated, and costs associated with these should also be presented. For example, for deterring a terrorist attack on the Hoover Dam, stating “use a security guard” is not specific enough, is not necessarily a realistic and true deterrent, and includes no information about this as an expense.

Your report should be 3–5 pages, not including a title or reference page, may include tables, graphs, lists, or whatever format you believe clearly delivers the results of this RA.

Part 2

Not all critical infrastructures (CIs) can be equally protected. Limited resources in terms of dollars, manpower, time, political will, and so forth mean that assets are in competition for support. Economics and political agendas, plus cultural, psychological, legal, and other factors might also influence the allocation of scarce resources.

Add the choices to this environment of competing interests, and select an allocation model that you would recommend to the governmental or corporate leader who you would hypothetically advise regarding your asset or network. You may also assemble parts and pieces from different strategies depending on any variety of elements you must consider.

Example 1

There is a bridge in your network that you consider critical, but there are 2 alternate routes in your system by which travelers could bypass a problematic bridge. The original bridge may not be critical or may warrant a lower allocation of maintenance funds, because maintenance could be done more regularly and cheaply with traffic rerouted. In such a case, your allocation model might assign increasing dollars over 5 years to achieve a certain maintenance standard. Unless you are an engineer, you might not know this kind of detail or comprehend such schemes. For this reason and others, you should be researching mitigation measures and solutions from subject-matter sources.

Example 2

In the attacks of 9/11, Flight 77 crashed into the western face of the Pentagon, killing 184 people on the aircraft and in the building. Many more might have been casualties that day if protective window treatments made of Mylar materials had not been installed in the then-recent renovations of that western area. Broken, flying glass is a cause for many injuries and incapacitation in other explosions. In this case, a relatively simple and somewhat less expensive solution probably saved lives. If given limited funds to protect the Pentagon, one might choose to install only blast-resistant windows. For more on this, see the Pentagon's Renovation Manager's news briefing on September 15, 2001, available here.

The allocation model you choose and write about for this Week's individual project may be 1 of the strategies Ted Lewis discusses, a combination of these models, or a strategy of your own design with or without elements from the other models. Be sure to include the following:

  • Be prepared to describe fully how your allocation model works.
  • Describe how it would apply for your assigned network or asset.
  • You must detail what it will mean in terms of concrete outcomes, or what resources will be applied to your asset or network.
  • Determine what impact it might have for other critical infrastructure priorities in your community or company.
  • Because you are an advisor to a leader, also discuss various ways the community or company might pay or offset these protection or resilience-enhancing measures.

You should be able to discuss and explain the rationale for any budget or resource allowances you use. This will require additional, comprehensive research. For example, if you discuss increased training for special responders, find out from your real-world community members or company what such training costs. Remember to think comprehensively, using the 360-degree view. If you are training 1 person for a week, what travel costs must be included? Is another person working the trainee’s shifts, and if so, are these hours overtime? What does that cost? How does the agency plan for training costs?

Even hypothetical scenarios should have real-world facts and figures to draw upon. Provide and properly cite sources for budgets, measures, ideas, recommendations, and so forth that are drawn from external sources. Your report should be 2–3 pages, not including a title or reference page, and may include tables, graphs, lists, or whatever format you believe clearly delivers the basis for your allocation strategy.


Evey, L. (2001). DOD News Briefing on Pentagon Renovation [Interview transcript]. Retrieved from U.S. Department of Defense Web site:

Harrald, J. R., Renda-Tanali, I., Shaw, G. L., Rubin, C. B., Yeletaysi, S. (2004). Review of risk based prioritization/decision making methodologies for dams. Washington, DC: The George Washington University Institute for Crisis, Disaster, and Risk Management.

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Explanation & Answer

Hi, please see the attached paper. Have a look at it and in case of any edit, please let me know. Otherwise, it is my pleasure to have you as my buddy now and future. Until the next invite, Bye!

Resource Allocation Plan Outline
Resources that are most important to society will always face a scarcity.
Strategic Planning
Firstly, the model strategically plans for the allocation of resources to the most strategic areas,
which ensure the functionality of the network component.
Secondly, the budgeting process follows as a response to the strategic plan, focusing on the most
important aspects while at the same time sticking to the required expenses.
Logistical Management
Network components that require allocation are often dispersed and far removed from the point
of allocation; hence they must be moved or transported to the areas of need.
Impact on Other Infrastructure
The impact of this allocation will ensure the smooth running of other critical infrastructures such
as transport who depend on the communications sector for regular updates on road and weather
Source of Funding
Budgets are often a fixed issue, especially where a community requires something that is
reassumed to be off the budgetary allocation from the government

Risk Assessment Outline
The systematic or procedural process that is carried out with the intention of identifying and
evaluating any threats in a project and their effects in case of occurrence is known as risk
First step: identification of potential risks
In this step, a proper evaluation of all the processes and assets in the sector occurs while taking
into account anything or anyone that may interfere with the communication sector's operations.
Second step: evaluation of who and what may be exposed to hazards
This second step can be handled by evaluating the function of the base center, processes involved
in the operation, the materials and materials included in the functionality of the base.
Third step: evaluation of the identified risks and decisions on the necessary precautions
An in-depth assessment of the intensity and consequences of the identified risks is done here.
Fourth step: recording of findings
This is a significant step in risk assessment.


Resource Allocation Plan
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Resources that are most important to society will always face a scarcity. This is because
such resources are often needed for allocation in more than one place. As such, an allocation plan
that considers such a shortage of resources, while at the same time ensuring that a critical
infrastructure's protection and resilience is maximized. The allocation plan used herein involves
paying es...

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