Business Hospitality Company Risk Management Plan Revise the previous paper according to the attached template guidelines A. Company Overview Pick a REAL c
Business Hospitality Company Risk Management Plan Revise the previous paper according to the attached template guidelines A. Company Overview
Pick a REAL company with some global marketplace activities, and then fictionalize the name. Give a
brief overview of the company (a paragraph is fine), omitting any proprietary information.
A1. through A3a. Risk Register
First, choose a real company, not a fictional company. And some aspect of its business must
involve global marketplace activities. Then you will change the name of the company and avoid
using any proprietary information.
Use the risk register template above to create a risk register for the company and help you
organize the information required for prompts A1-A3 (place all information for prompts A1-A3
right into the register).
As you identify the eight risks required for the register, you will want to ensure that one of the
eight risks identified is a global marketplace risk and include a description of HOW this risk
emanates from one of the company’s global marketplace activities.
You can certainly have more than one global risk in your register. But carefully note that all
global risks don’t necessarily relate to global marketplace activities. So make sure your identified
global risk fits that criteria, to pass the rubric criteria for A1.
Rate each risk in the last three columns as high, medium or low and include a well-supported
justification for each (in other words, a specific example, etc.).
Finally, the rows and columns in the register will expand to fit your typing, so don’t skimp on
B. Risk Responses
(Include a paragraph or two for each risk response, thoroughly discussing what the organization should
do or can do to respond to each risk should it occur, in an effort to reduce the possible damage to the
Risk 1: Insert text here
Risk 2: Insert text here
Risk 3: Insert text here
Risk 4: Insert text here
Risk 5: Insert text here
Risk 6: Insert text here
Risk 7: Insert text here
Risk 8: Insert text here
C. Business Contingency Plan
Be sure and include all section headers (there is one for each rubric prompt).
C1. Strategic Pre-Incident Changes
Aim for at least one page of content (a few paragraphs) that clearly explains strategic changes the
company could make in advance of any risk incidents, to ensure the well-being of the company.
C2a. Sensitive Data
Write a paragraph or two discussing what constitutes sensitive data for this company.
C2b. Normal Data Protection
Provide a paragraph or two explaining how data will be physically protected during normal business
operations in this company.
C2c. Disruption Data Protection
Provide a paragraph or two explaining how data will be physically protected in the event of a disruption.
C2d. Ethical Use of Data
Write a paragraph or two explaining how the company will ensure all data is used ethically in the event
of a risk event.
C3a. Customer Records
Provide a couple of paragraphs that discuss and explain customer records in the company (how they are
kept and what they include, etc.)
C3b. Normal Security Measures
Provide a couple of paragraphs that explain the systems or security measures the company has in place to
protect customer records during normal business operations.
C3c. Disruption Security Measures
Provide a paragraph or two that describe the systems or security measures the company has in place to
protect customer records during a risk disruption.
C3d. Ethical Use Protections
Provide a couple of paragraphs that explain how the company will ensure customer records are used
ethically during and after a risk event.
C4. Communication Plan
Provide a few paragraphs (one page or more) that thoroughly discusses the Communication Plan the
company has in place to be used during and following a risk event/disruption.
Here you must list and identify all the stakeholders who will need to be contacted in the event of a
disruption or risk event.
C4ai. Stakeholder Communications
Explain in detail the methods or modes of communication that will be used to contact each stakeholder,
and you must include an explanation of the specific actions that will need to take place to communicate
with each stakeholder. You can add in a flow chart, phone tree, etc., if relevant. But you must provide the
explanation as well.
C5. Restoration of Operations
Provide a detailed discussion (at least a page or more) that explains exactly how the company will restore
normal business operations across the various aspects of the business after a disruption has occurred. Be
D. BCP Implementation Plan
D1. Implementation of the BCP
Provide a few paragraphs describing HOW you will implement the BCP into the company.
D2. Communication of the BCP
Provide a few paragraphs describing HOW the BCP will be communicated within the organization. How
will everyone know about it and how to implement when/if the time comes?
D3. Monitoring and Testing of the BCP
Provide a few paragraphs describing HOW the BCP will be tested before any incidents and monitored
during any incidents, to ensure the plan will be effective in the event of any risk events.
D4. Adjustment of the BCP
Provide a few paragraphs describing procedures in place to assure that the BCP will be adjusted or
revised over time, to adapt to changing risk environments.
D4a. Communication of Changes
Provide a few paragraphs describing HOW any changes made to the BCP over time will be
communicated within the company. .
Make sure that all your references are included, and that they are properly cited within the text of your
paper. Below are two correctly formatted references, per APA formatting guidelines.
Krishnan, M. (2014). New technology for uninterrupted power supply in India could end rolling
blackouts. Retrieved from http://www.dw.com/en/new-technology-for-uninterrupted-powersupply-in-india-could-end-rolling-blackouts/a-17503462
ISO (2008). ISO 9001:2008. Retrieved from http://www.iso.org/iso/catalogue_detail?csnumber=46486
In the body of your paper, these references would be cited like this for the online article with a named
author (Krishnan, 2014). Or like this for the ISO reference (ISO, 2008).
NOW… be sure to delete all tips and pointers (everything in red, and the references above) from your
finished document. Make sure that all your actual text is in APA formatting, which means black Times
New Roman 12-point font, double-spaced throughout. The section headers should remain just as they are
given in the template, because they align with the task rubric.
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