Project Part 1 Task2 Risk Mitigation
Project Part 1 Task2: Risk Mitigation Plan
Victor Sabani
ITT Technical Institute
Project Part 1 Task2: Risk Mitigation Plan Risk Mitigation, in order to mitigate we have to identify the risk. There are many ways that the mitigation plan can happen; the most efficient way is a chart.
Risk
Impact on Project Success
Likelihood of Occurrences
Mitigation Plan
Natural Disaster
Devastating
Not Very
Have a backup location ready to go in case of Equipment
i.e. servers, switches, routers…
Devastating
Moderate
Create daily incremental backups of data, and have back up equipment ready to be installed
Compliance
Devastating
Not Very
IT department should be able to keep the company in compliance
Virus
Devastating
Moderate
Have up to date virus definitions and good anti-virus/malware software With a good plan in place, we would also conduct the cost of each occurrence and the affect it would have financially. Mitigation plans are as good as we make them. With this mitigation plan the company may address the problems at hand. With all risks we have to take in consideration the impact it would have on our integrity, and confidentiality. The main risk would be an internal risk. Our staff may intentionally or unintentionally want to disrupt the organization. Certain controls have to be placed in order to mitigate the risks, such as access controls, being physical or non-physical. These would help us in the event of an occurrence of a risk. We can pre form a cost analysis of our plan to see what value to the company each risk has. To do that we would use a threat impact matrix, that would let us decipher our cost versus the likelihood of a risk to happen.
References
Gibson, D. (2011). Managing Risk in Information Systems. Sudbury,MA: Jones & Bartlett Learning.
Risk Assesment and Mitigation Plan. (2006, July 28). Retrieved March 26, 2014, from Cd Lib Org: http://www.cdlib.org/services/project_planning/docs/templates/risk_assessment.doc.
Risk Managment
Victor Sabani
ITT Technical Institute
Project Part 1 Task2: Risk Mitigation Plan Risk Mitigation, in order to mitigate we have to identify the risk. There are many ways that the mitigation plan can happen; the most efficient way is a chart.
Risk
Impact on Project Success
Likelihood of Occurrences
Mitigation Plan
Natural Disaster
Devastating
Not Very
Have a backup location ready to go in case of Equipment
i.e. servers, switches, routers…
Devastating
Moderate
Create daily incremental backups of data, and have back up equipment ready to be installed
Compliance
Devastating
Not Very
IT department should be able to keep the company in compliance
Virus
Devastating
Moderate
Have up to date virus definitions and good anti-virus/malware software With a good plan in place, we would also conduct the cost of each occurrence and the affect it would have financially. Mitigation plans are as good as we make them. With this mitigation plan the company may address the problems at hand. With all risks we have to take in consideration the impact it would have on our integrity, and confidentiality. The main risk would be an internal risk. Our staff may intentionally or unintentionally want to disrupt the organization. Certain controls have to be placed in order to mitigate the risks, such as access controls, being physical or non-physical. These would help us in the event of an occurrence of a risk. We can pre form a cost analysis of our plan to see what value to the company each risk has. To do that we would use a threat impact matrix, that would let us decipher our cost versus the likelihood of a risk to happen.
References
Gibson, D. (2011). Managing Risk in Information Systems. Sudbury,MA: Jones & Bartlett Learning.
Risk Assesment and Mitigation Plan. (2006, July 28). Retrieved March 26, 2014, from Cd Lib Org: http://www.cdlib.org/services/project_planning/docs/templates/risk_assessment.doc.
Risk Managment
References: Gibson, D. (2011). Managing Risk in Information Systems. Sudbury,MA: Jones & Bartlett Learning. Risk Assesment and Mitigation Plan. (2006, July 28). Retrieved March 26, 2014, from Cd Lib Org: http://www.cdlib.org/services/project_planning/docs/templates/risk_assessment.doc. Risk Managment Toolkit. (2014, March 26). Retrieved March 26, 2014, from Mitre Sysytems Engineering Process Office: http://www2.mitre.org/work/sepo/toolkits/risk/index.html