Learning Objectives and Outcomes You will gain an overall understanding of risk management, its importance, and critical processes required when developing a formal risk management plan for an organization.
Project Logistics
The project is divided into three major deliverables and four smaller assignments as detailed below:
Activity Name
Project Part 1
Project Part 1 Task 1: Draft Risk Management Plan
Project Part 1 Task 2: Risk Assessment Plan
Project Part 1 Task 3: Risk Mitigation Plan
Project Part 2
Project Part 2 Task 1: Introduction and Business Impact
Analysis Plan
Project Part 2 Task 2: Business Continuity Plan (BCP)
Project Part 2 Task 3: Disaster Recovery Plan (DRP)
Project Part 2 Task 4: Computer Incident Response
Team (CIRT) Plan
Risk Management Plan Final Submission Unit
Deliverables
Introduction:
As discussed so far in this course, risk management is an important process for all organizations. This is particularly true in information systems, which provides critical support for organizational missions. The heart of risk management is a formal risk management plan.
This activity allows you to fulfill the role of an employee participating in the risk management process in a specific business situation.
Scenario:
You are an information technology (IT) intern working for the Defense Logistics Information Service(DLIS) in Battle Creek, Michigan. DLIS is an organization within the Defense Logistics Agency (DLA),which is the largest logistics combat support agency for the Department of Defense. DLIS creates, manages, and disseminates logistics information to military and government customers using the latest
technology.
Senior management at DLIS decided that the existing risk management plan for the organization is out of date, and that a new risk management plan must be developed. Because of the importance of risk management to the organization, senior management is committed to and supportive of the project to develop a new plan. You have been assigned to develop this new plan.
Project Part 1
Project Part 1 Task 1: Draft Risk Management Plan
For the first part of the assigned project, you must create an initial draft of the final risk management plan.
To do so, you must:
1. Develop and provide an introduction to the plan by explaining its purpose and importance.
2. Create an outline for the completed risk management plan.
3. Define the scope and boundaries of the plan.
4. Research and summarize compliance laws and regulations that pertain to the organization.
5. Identify the key roles and responsibilities of individuals and departments within the organization as they pertain to risk management.
6. Develop a proposed schedule for the risk management planning process.
7. Create a professional report detailing the information above as an initial draft of the risk management plan.
Project Part 1 Task 2: Risk Assessment Plan
After creating an initial draft of the risk management plan, the second part of the assigned project requires you to create an initial draft of the final RA plan. To do so, you must:
1. Develop an introduction to the plan explaining its purpose and importance.
2. Create an outline for the completed RA plan.
3. Define the scope and boundaries for the plan.
4. Research and summarize RA approaches.
5. Identify the key roles and responsibilities of individuals and departments within the organization as they pertain to RA.
6. Develop a proposed schedule for the RA process.
7. Create a professional report detailing the information above as an initial draft of the RA plan.
Project Part 1 Task 3: Risk Mitigation Plan
Senior management at DLIS decided that the risk manager and his/her team should continue and develop a risk mitigation plan based on inputs provided by the team in earlier project deliverables. Management has also allocated funds for a risk mitigation plan. Because of the importance of risk management to the organization, senior management is committed to and supportive of the project to develop a new plan. You have been assigned to develop this new plan.