DLIS Project Risk Management Plan

income, liability, exposure, etc.). The purpose of a business impact analysis (BIA) is to assess the impact

Business impact analysis (BIA) is a systematic process to determine and evaluate the potential effects of an interruption to critical business operations as a result of a disaster, accident or emergency. A BIA is an essential component of an organization's business continuance plan; it includes an exploratory component to reveal any vulnerabilities and a planning component to develop strategies for minimizing risk.

What is the purpose of a Business Impact Analysis (BIA)? It identifies possible business failurs in a company. It looks at the resources that may be needed.

What does a BIA help define for a BCP? By defining the critical and non-critical process/operations of a business.

A Business Impact Analysis (BIA) is a methodology used to determine the effect of an interruption of services to DLIS and its total impact on the DLIS mission within the DLA.

Senior management at DLiS decided that the existing risk management plan for the organization is out of

2. Why is a business impact analysis (BIA) an important first step in defining a business continuity plan (BCP)?? It allows you to address the critical issues and possible risks

Business impact analysis is the process of systematically addressing all of the risks associated with a solution and identifying if it actually worked. Many formulas exist, designed to show what factors are included when compiling an analysis. The simple formula of multiplying threats by your asset and dividing that total by mitigating factors represents an impact analysis. Threats are those instances that cause an operational or financial strain on your organization. These occurrences are the cause of limited operations during business hours or no operations at all and computed in time. Assets are defined as many elements, but are primarily composed of “physical assets (equipment, material, supplies, furnishings, etc.) that are owned by

DLA stands for the Defense Logistics Agency. DLA is DOD’s combat logistics support agency. In 1961, DLA was DSA (Defense Supply Agency), it was not until 1977 the name was changed to DLA (Defense Logistics Agency). (DLA, 2015) The Defense Logistics Agency (DLA) is an agency in the United States Department of Defense, with more than 26,000 civilian and military personnel throughout the world. Located in 48 states and 28 countries. DLA provides supplies to the military services and supports their acquisition of weapons, repair parts, and other material. DLA’s mission is to provide sophisticated logistics solutions to

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The purpose of a risk assessment plan, and especially this one in particular, is to analyze the threats or dangers to the Defense Logistics Information Service, which is the largest logistics combat support agency for the Department of Defense. A proper risk assessment plan is vital to protect both the information we store for the military, as well as the troops and civilians that would be in danger should this data be compromised.

DLIS has decided to develop a business continuity plan (BCP) with the full support of management.

Risk allocation is performed as part of the development of the project structure, which takes into account the distribution of responsibilities and risks during the planning, construction, financing and operating phases (Corner, 2006). The aim is to identify an efficient and effective structure that optimises the costs of the project and ensures that the risk occurrences do not damage the project (Delmon, 2009). According to Grimsey and Lewis (2007) risk allocation has two elements: optimal risk management and value for money. The first implies that the

In addition to reading the course notes, I also looked at what APMBOK (Association for Project Management, Body of Knowledge 2009, 6th Edition, UK) said about this critical area of Project Management. Additionally, I researched what my Company does to maximize their effectiveness in this area by studying their attitude towards Risk Management throughout the complete life-cycle of a project, and finally I drew from my own knowledge and experiences in this critical area.

The completion of any project depends on the execution of various parameters mostly set at the beginning of the project. In order to complete the project to satisfactory levels, the project must be completed within the stipulated timelines, fall within the approximate budget and be of the required quality standards. However, most of the projects are affected by adverse changes and unforeseen events that occur during the execution period. Research shows that the magnitude of change is dependent on the size of the project, with large projects experiencing more uncertainties due to several factors including; planning and design complexity, interest groups having deferring opinions, resource availability, Economic and political climate and statutory regulations, which may necessitate change of plan. Most of the uncertainties are known to occur in the concept phase and if not intervened, they may affect the entire project. The burden falls on the management of such risk as some managers choose to ignore the uncertainties since they call for additional costs. Other inherent risks may go unnoticed and therefore remain unsolved,