Research Paper On Scenario Planning

We all know that future cannot be predicted even the weather forecast, which based on accurate data, is not that precise sometimes. Scenario planning provides a solution for organizations to develop in uncertainty by assuming various possibilities about future and help people to make a better decision or plan accordingly.

The challenge in planning is that planning is essentially forecasting future actions and events. Most

Week two gave us an inside look on what the six steps are during the planning process. These steps are situational analysis, alternative goals and plans, goal and plan evaluation, goal and plan selection, implementation, and finally monitor and control. The step that Tina, Joanne, and Chris thought was most important in the planning process was the role of setting up alternative goals and plans. They believe it is always a good idea to have an alternative plan just in case the original plan did not achieve the intended goal. We all were able to agree that having a backup plan was a great way of running a business.

TEKS:6.1.B use a problem-solving model that incorporates analyzing given information, formulating a plan or strategy, determining a solution, justifying the solution, and evaluating the problem-solving process and the reasonableness of the solution;

Dissimilar sources plan altered steps involved in the planning process, but in this case I will discuss on seven steps that are involved in the entire process. The first step is goal setting. This basically involves coming up with the main objectives and goals that the company wishes to establish within a particular period of time. It is a very important section because the company will operate with a view of the goal in mind, if it is not clearly established, and then the business could lose direction along the way. After goal setting, we have development of the planning premises, where the plans are prepared and any underlying conditions defined. This is where there is an assessment of the environment and any constraints or

The most significant part of utilization is planning and will not even be credible for security, unless a full risk assessment is completed. Security planning encompasses the development of security guidelines as well as employing restrictions prohibiting computer risks from developing into the here and now. It is impossible to move forward with a plan of action prior to the risk assessment being implemented. The risk assessment will be responsible as a

Incident response and planning is very critical to a business. It’s important Greiblock Credit Union (GCU) financial firm maintain control of these incidents in a timely manner which could reduce cost, and risks. When responding to incidents one should always minimize the severity of all security incidents. The analyst should have a clear plan to resolving incidents, while containing the damage and reducing risks (Cichonski et al., 2012). According to Cichonski et all, (2012) most departments have a Computer Security Incident Response team, or designated personnel to handle the variety of incident responses related to Cyber Security. Based on the below, the information can be used in a technique to help an organization to determine the threat against the organization and identify if it’s truly a security breach or serious

Planning for an incident and the responses to it requires a detailed understanding of the information systems and the threats they face.

When taking a look deep into an organization’s different departmental operation, it becomes clear how to plan to protect the most data and also which areas is more operation critical. While preventing interruption is the most important aspect of this plan, no one can predict the weather or any other attack. As part of the steps to implement the business continuity plan, Sunshine Machine Works will need to document a risk management plan, business impact analysis, incident response plan, plan activation, incident response team, communications, contact list and recovery plan section. Once all has been documented, the organization will need to test, evaluate and update schedule.

Planning is considered to be a primary function of management. All organisations operate in a complex, dynamic and competitive business environment, and therefore, have to plan their actions without which they may not be able to survive.

With the increasing importance of information technology for the continuation of the Firm’s critical operations, protecting and recovering our data and IT infrastructure in the event of disruption has become a more visible Firm priority. A disaster will be declared if it is apparent that production processing cannot be performed from the affected data center and the prospect of repairing those systems in the production environment with he required downtime tolerances. All companies faces various potential threats to business continuity plan such as Natural, man-made and technical disasters including typhoons, rainstorms, hacker attacks, cyber-attacks, power outages and system failures. According on the extent of the damage to the Firms equipment and the impact on the Firm’s operations that may result if these threats occur, the Firm has identified at least three situation. LAG has been implementing a business continuity plan, disaster recovery and situation response procedures in the services market that is based on some of law firm experience obtained from solutions adopted following various disasters. This paper article introduces LAG’s activities in the Business continuity plan field as an actual case

Therefore, scenario planning can be used as a tool to analyse the feasibility of a plan and evaluate how realistic it is to achieve set objectives as a part of the mission (Schoemaker, 1995).

Information security professional’s job is to deploy the right safeguards, evaluating risks against critical assets and to mitigate those threats and vulnerabilities. Management can ensure their company’s assets, such as data, remain intact by finding the latest technology and implementing the right policies. Risk management focuses on analyzing risk and mitigating actions to reduce that risk. Successful implementation of security safeguards depends on the knowledge and experience of information security staff. This paper addresses the methods and fundamentals on how to systematically conduct risk assessments on the security risks of information systems.

Total has extensive experience in scenario planning. In order to raise competiveness, companies need new ideas and approaches that improve the business. Strategic planning is a multidisciplinary process for determining basic business goals and implementing efforts to achieve sustainable long-term advantage over competitors (Barisic, 2016). Total’s ability to plan scenarios represents an intangible asset over other competitors without this skill or experience.

such planning is best seen when one considers the several areas where it is helpful: Forecasting