Risk Management Plan for Network Inc Project Presentation

Anonymous

Question Description

MAIN PAPER: 15 pages

PPT - 25 Slides

Group PowerPoint Presentation of the Residency Assignment 1 & Group Presentation and Outline (Word Format) of (You should complete the outline first):

  1. Project Part 1 Task 1: Risk Management Plan
  2. Project Part 1 Task 2: Risk Assessment Plan
  3. Project Part 1 Task 3: Risk Mitigation Plan
  4. Project Part 2 Task 1: Business Impact Analysis (BIA) Plan
  5. Project Part 2 Task 2: Business Continuity Plan (BCP)
  6. Project Part 2 Task 3: Disaster Recovery Plan (DRP)
  7. Project Part 2 Task 4: Computer Incident Response Team (CIRT) Plan

Items 1 and 2 will have been completed and compiled into a Word document by the time that you are starting this assignment. This assignment is relevant in concept, as this is what the final project for the class is going to be, compiling all of these project parts into a single document.The end result is that there is going to be a Word document with detailed information of what is mentioned above and a presentation that you will present to the class explaining what each of the sections are going to consist of and how you are going to gather this information when the time comes.

  1. MS Word document
  2. A PowerPoint Presentation that will be delivered on Sunday
    1. A minimum of a ½ hour per group.

Tutor Answer

TheGradeBooster
School: Purdue University

Attached.

Risk Management Plan for Health Network, Inc.
Name
Institution
Professor
Course
Date

Table of Contents
1

Introduction ..................................................................................................................................... 3

2

Risk Management Plan for the Health Network Company ............................................................. 4

3

4

2.1

Identification and Characterization of Threats to the Company ............................................. 4

2.2

Assessing the Vulnerability of Critical Assets to Specific Threats ......................................... 5

2.3

Determination of the Expected Probability and Consequences of the Threats ....................... 5

2.4

Identification of the Ways of Reducing Risks ........................................................................ 6

2.5

Prioritization of Risk Reduction Measures ............................................................................. 6

Risk Assessment Plan for the Health Network Company ............................................................... 6
3.1

Identification of the Risk Threats............................................................................................ 7

3.2

Deciding on who may be harmed, and how. ........................................................................... 7

3.3

Reviewing the Risk Assessment ............................................................................................. 7

Risk Mitigation Plan for the Health Network Company ................................................................. 8
Risk mitigation strategies for the Health Network Company ................................................. 9

4.1

5

4.1.1

Risk Avoidance ............................................................................................................... 9

4.1.2

Risk Limitation Strategy ............................................................................................... 12

4.1.3

Risk Transference ......................................................................................................... 13

Business Impact Analysis (BIA) Plan ........................................................................................... 13
5.1
Documentation of the Company’s Gross Revenue and Net Profit and How It Would Be
Influenced by Each of the Threats .................................................................................................... 14
5.2
Definition and classification of the company’s critical business systems and how they are
affected by different threats .............................................................................................................. 14
5.3

6

Business continuity plan (BCP) for the Health Network Company.............................................. 15
6.1

7

Identification of the Maximum Acceptable Outage (MAO) For Each of the Systems ......... 15

Establishment of a Warm Site ............................................................................................... 16

Disaster Recovery Plan (DRP) ...................................................................................................... 16
7.1

Communication plan and role assignments........................................................................... 16

7.2

Backup Check ....................................................................................................................... 17

8

Computer Incident Response Team (CIRT) Plan ......................................................................... 17

9

Conclusion .................................................................................................................................... 18

References ............................................................................................................................................. 19

1

Introduction

The benefits associated with computer systems cannot be understated. Studies have
shown that organizations that have heavily invested in different computer systems realize
enormous benefits. One of such organizations is Health Network. Owing to the unique
products offered by the company, which have been made possible by computer network, the
company has been able to achieve enormous financial benefits. Also, the use of computer
network to offer unique services to clients has seen the company expand its client base.
Furthermore, the company has been able to realize geographical location by opening two
additional locations in Portland, Oregon and Arlington, Virginia, all of which support a mix
of corporate operations of Health Network. However, just like most companies using
computer networks, Health Network is facing several computer related threats. Some of the
threats include, loss of organizational data as a result of removal of hardware from production
systems, loss of organizational data as a result of theft of company-owned assets including
mobile devices and laptops, insider threats, internet related threats and loss of clientele as a
result of production outages caused by numerous events, such as natural disasters, change
management and unstable software. All these threats signify that the current risk management
of the company is not functional. This calls for development of a new risk management plan.
This is a risk management plan for Health Network. The risk management plan would ensure
that the company is well prepared to deal with any event that is likely to have negative effects
on its operations (Pritchard & PMP, 2014). Also, the risk management plan would help to
ensure continuity of the business operations of Health Network after the company is affected
by an incident.

2

Risk Management Plan for the Health Network Company

A risk management entails the identification, evaluation as well as the prioritization of
the different risks that affect an organization (Pritchard & PMP, 2014). This is followed by
economical as well as coordinated efforts geared towards the minimization, monitoring, and
control of the likelihood and the impact of disastrous events. It is worth noting that during the
process of risk management, an organization takes a number of steps towards reducing the
negative impact of disasters and threats on business continuity (BC). The risk management
plan is a document prepared by the project manager to help in foreseeing, estimating the
impact as well as defining responses to different risks (McManus, 2012). The aim of the plan
is not only to reduce the occurrence of different threats but also to provide a solution
regarding what would be done in case the risks occur.
The Health Network Company will employ a five-step process in managing the
different risks...

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Review

Anonymous
awesome work thanks

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