| CONTINGENCY
PLANNING
a category of Political Risk |
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| INTRODUCTION | , | The topic of
Political Risk is very large. For the sake of being able to divide this
large topic into "teachable" components, I have created this particular
unit dealing just with the immediate considerations of Contingency Planning.
WTGR |
| KEY
POINTS |
, | Alan Bell explains
that when companies are assessing the possibility of developing a contingency
plan, and the expected security requirements to make it work, it is necessary
to ask one tough question.
How much will it cost to develop a contingency plan, and increase our security where risk situations warrant? compared to NOT doing this, and paying for the consequences if something does happen? For some large scale projects overseas, it could cost millions of dollars to get the operation "up and running" after a disaster, which would also see the company fall behind other businesses that did have contingencies in place. Or, a company could spend tens of thousands of dollars on security and contingencies so if a bad thing happens, the company can respond, and recover. Or, a company can do nothing, and just hope that they are lucky, and nothing bad every happens. Unfortunately,
WTGR |
| Risk
Analysis |
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| Risk
Analysis |
Michel Gilbert
of Hill Associates provides an Introduction to Risk Analysis
"The risk analysis is the most complex part of a properly conducted disaster recovery plan. However, a clear understanding of the primary goal of a risk analysis, a grasp of the critical terminology, and adherence to a well-structured process renders this complex activity manageable." The Goal of a Risk Analysis
o What
am I protecting?
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| Risk
Analysis broken down |
The fundamentals
of Contingency Planning requires that you first understand the Risks,
which requires some degree of "Risk Analysis" to understand
o what am I protecting, what do I have that is important o sometimes this requires an inventory of assets in order to have a dollar value on what is at stake o what am I protecting against, what are the specific risks o this can be very complicated and is effected by human factors, the economic and technological environment, as well as weather extremes and other geographical circumstances o how much am I willing to spend to protect these assets o how much money am I willing to spend o costs of people to act as guards o money for defences o money for countermeasures o time: how much time will I dedicate o how much effort - what part of job descriptions will I task to this WTGR |
| Risk
Analysis Terms
|
Risk Analysis
Terminology
To better understand discussions on Risk and Threat Analysis, it is necessary that readers understand what is meant by some terms particular to this part of the security industry. o Asset:
something worth something
terms from Alan Bell of globerisk.com and Michel Gilbert of Hill Associatesbasically, the definition of an asset is something which is valuable for your company to have to carry out the critical aspects of business |
| Risk
Analysis Terms
|
o Threat agent: Any person or thing that can do harm
threats by themselves are not a problem, it is a problem when that threat is facilitated by a person "bringing it", or a situation causing the threat to go from "maybe" to "now" |
| Risk
Analysis Terms
|
o Vulnerability: A deficiency that leaves an asset open to harm
any weakness which, left unprotected, could cause the company to lose productivity |
| Risk
Analysis Terms
|
o Exposure: Harm caused when a threat becomes real
In international business, an example of an exposure could the consequence of a particular currency rising very high, which wipes out the profit margin expected in an enterprise |
| Risk
Analysis Terms
|
o Countermeasure:
Any protective measure we take to safeguard an asset, and respond to an exposure In the case of preventing against a flood, you could dig a large trench to divert flood water around the mine shaft so the drifts will not be flooded |
| Contingency
planning
what are the
MEDICAL |
List of specific
medical risks and threats that Contingency plans are used for
|
| Contingency
planning
what are the
VIOLENCE |
List of specific
violent risks and threats that Contingency plans are used for
|
| Contingency
planning
what are the
|
List of specific
risks from government problems that Contingency plans are used for
|
| contingency
planning preventive measures
|
Plans
The following points are things a company can do in order to be able to respond appropriately when a risk situation effects the ability to carry on business as usual.
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| contingency
planning preventive measures
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Personal
Plans
While I was watching CBC news today, i see the Canadian gov't are promoting [to] us that we all should have a 72 hours plan. To me it seems like this is another kind of "contingency plan" and i think it will be helpful for all of the students. http://www.getprepared.ca/index_e.asp Sincerely, Aaron WTGR wrote back to Aaron saying I'll
CC: my reply to the other C44ers cause your email makes a good point
-Because
of government cutbacks in municipal infrastructure, it could be a week
(or two) in some areas to get power back online
My
step-brother happens to be in charge of the physical-plant and generators
for a large city hospital
A.
they can't run 24 hrs non-stop, they have to be shut down to cool the machine
parts
- it has the potential to be a big big problem and something that Canadian businesses should think about thanks again for your contribution Aaron |
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