How should a catastrophe recovery plan be evaluated?
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How should a catastrophe recovery plan be evaluated?
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- Pick a company project of your choice that is about to be assessed and implemented and do a comprehensive risk assessment on that project. Additionally, complete a scenario plan relating to the project picked.Analyze the following situations. Choose one situation which you think is less harmful. Explain why it is less harmful. How can you counter the harm that it causes?1. (Project A) Mr Ang plans plans to have a project which is a factory that would employ 50% of the people in the community but his factory would releases harmful chemicals to the sea.2. ( Project B) Mr. Bin plans to create an amusement park project to attract people to work on his place/business so that the factory would be closed and stop releasing harmful chemicals to the sea. However, Mr. Bin needs to cut the trees along the place where he has to build his amusement park but this again would cause harm to the environment. 3. (Project C) Mr. Ching plans to establish a resort and hotel project so that Mr Bin cannot cut the trees in order to save nature. However, by so doing he has to reclaim an area where mangroves grow which serves as fish sanctuary. Question: If you are a lover of nature and a…Explain the relationship between scenario analysis and risk management.
- define risk identification, list the key activities of risk identification, identify the key deliverable of each key activity, and then briefly (i.e., in one to five sentences) elaborate how to create the key deliverable(sProblems had been building at Columbus Instruments, Inc. (CIC) (not its real name) for several years now with the new product development process. The last six "high visibility" projects had either been scrapped outright after excessive cost and schedule overruns or, once released to the marketplace, had been a commercial disaster. In the past two years, CIC estimated that it had squandered over $15 million on poorly developed or failed projects. Every time a new project venture fails, the company conducts extensive post-project review meetings, documentation analysis, and market research to try to determine the underlying cause. To date, all it has been able to determine is that it appears that the problems lie with the project management and development process. Something somewhere is going very wrong. You have been called into the organization as a consultant to try to understand the source of the problems that are leading to widespread demoralization across the firm. After spending…What elements of vulnerability are present in the situation?