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Explain the key elements of a business continuity plan (BCP) and how it differs from a disaster recovery plan (DRP).
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- How does risk assessment play a crucial role in continuity planning? What methodologies can be used for risk assessment?Discuss the importance of conducting a risk assessment when developing a continuity plan. How does this assessment influence plan priorities?Explain when you think a baseline should be updated and why.
- How does a business typically identify its critical assets and processes when developing a continuity plan?Describe the importance of risk assessments in the development of a continuity plan and provide examples of potential risks that an organization should consider.In order to improve the efficiency of the Ghana Association of Susu Collectors (GASCoperations, )'s the organization is considering the implementation of a new comprehensive Enterprise Resource Planning System (ERP), [a computer-based information system]. Lucasson Incorporated has been contracted to design and build this system. Because of your experience as a Senior System Analyst at Lucasson Incorporated, you have been selected to be the project manager for this effort. Please describe, in your own words, how GASC and/or its members may use a systems approach to problem-solving in their work in order to prevent the recurrence of the present financial crisis/meltdown in your subsector.(ii). Details on one method that may be used to gather requirements for the proposed ERP for GASC; and real-world examples from banking environments to support your point of view.(iii). Your answer should include an explanation of how you propose to apply the methodology described in (iv) above to this…
- Discuss the major differences between PERT and CPM. Be sure to provide examples to illustrate your understanding of these concepts.Discuss the regulatory and compliance considerations that organizations must account for when developing their continuity plans. How do these factors impact plan development and implementation?How does the scope of ERM compare to existing risk management approaches?