Reference no: EM13257367 , Length: 649 Words

Apply risk management theory to the production of a business continuity plan. A risk management plan must be detailed to the point that every aspect of the crisis is considered. Suppose you own a small convenience market, about the size of a 7-11 or a Circle K, or any other comparable franchise outlet that you might be more familiar with given your location in the country. The child of a customer, left in a running vehicle, manages to shift the car into forward and it plows through the front of your store, sending debris and stock flying, and causing an indeterminate amount of damage to your facility. Your final assignment for this course is to prepare a disaster assessment and recovery plan for resuming business. You will want to include such information as: Damage assessment; to the building, to people, to stock, to utilities Identify critical actions; for example, does anyone need emergency medical care? What do you do about perishables like frozen foods (if you have lost power)? Repairs and recovery; including time frames and levels of business as a percentage of normal operations What might you change about the way you manage this business to reduce the impact of such an event in the future? Be as complete and thorough in your analysis of the situation as you can.