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.

ScholarMatic: Explanation & Answer

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