Risk and Disruption

  1. The process of risk management requires organizations to understand risk to operations. This requires analysis and planning and we identified 4 core methods to treat risk. Identify and explain in detail each method to treat risk. For each method, provide an example of a risk to Rutgers University and your recommended mitigation treatment that is within that category. Explain each recommended mitigation on its effect on the probability and impact of the risk. Be sure to consider the viability of the recommendation from a practical and cost / benefit point of view.
  2. Explain the importance of the Business Impact Analysis and its role in developing the Business Continuity Management plan. During the Business Impact Analysis key data is analyzed to define for each function the RTO, RPO, MAO and WRT. Define each acronym, explain its use and why it is important to the Business Continuity Plan.

Sample Solution