Question.5203 - Describe and analyze the methodology of risk and hazard identification. What are the basic elements of a BIA? Who manages the BIA?
Answer Below:
According to Kildow (2011), "Risk and hazard identification are among the foundational steps in the making of resilient supply chains and business con...
According xx Kildow xxxx and xxxxxx identification xxx among xxx foundational xxxxx in xxx making xx resilient xxxxxx chains xxx business xxxxxxxxxx processes xxxxxxxxx organizations xxxx shift xxxx being xxxxxxxx to xxxxx proactive xxxxxx anticipating xxxxxxxxxxxxxxx before xxxx lead xx disruption x structured xxxxxxxxxxx and xxxxxxxx understanding xx how xxxxx interact xxxxx a xxxxxx chain xxx necessary xxxx and xxxxxx Identification xxxxxxxxxxxxxx start xx a xxxx assessment xx by xxxxxxxxxxx the xxxxxxxx and xxxxxxxx risks xxxxxxxxxxxxxx Among xxx internal xxxxx are xxxxxxxxxxx shortcomings xxxx as xxxxxxxxx failure xxxxx resource xxxxxxxx and xxxxxxxxxxx technology xxxxxxxxx The xxxx of xxxxxxxx risks xxx range xxxx earthquakes xxx supplier xxxxxxxx to xxxxxxxx of x geopolitical xxxxxx or xxxxxxxxxxxx Kildow xx definition x good xxxxxxxxxxx typically xxxxxxxxxxxx several xxxxx Risk xxxxxxxxxxx - xxxxxxxxxx evaluations xx risks xxxxxx based xx likelihood xx occurrence xxx possible xxxxxxxxxxx Hazard xxxxxxxx - xxxxxxxxxx environmental xx safety xxxxxxx that xxxxx impact xxxxxx assets xx operations xxxxxxxx and xxxx if xxxxxxxxxxx they xxxxxxxx the xxxxxxxx consequences xx rare xxx high-impact xxxxxxxxxxxxx Interviews xxx workshops xxxx stakeholders x solicit xxxxxxxx from xxxxxxxxx partners xxx customers xxx may xx able xx call xxxxxxxxx to xxxxxxxxxxxxxxx that xxxxx otherwise xx unrecognized xxxx claims xxxx a xxxxx approach xxxxxxx qualitative xxx quantitative xxxxxxxxxxx comes xxxxxxxx would xxxxxxx a xxxxxx picture xx risks xxxxxx stresses xxxxxxxxxxx that xxxx identification xx not x task xx be xxxxxxxxx one xx a xxxx but xxxxxx is xx ongoing xxxxxxxxx hazards xxxx into xxxxx as xxx business xxxxxxxxxxx evolves xxxxxxxx Impact xxxxxxxx BIA xxxxxxxxxxx ElementsThe xxx builds xxxx risk xxxxxxxxxxxxxx by xxxxxxxxxxxxx how xxxxx disruptions xxxxxx business xxxxxxxxx Several xxxx components xxx outlined xx Kildow xxxxxxxxxxxxxx of xxxxxxxx functions xxxxxxxxxxx the xxxxxxxxx that xxx most xxxxxxxxx for xxxxxxxxxx the xxxxxxxxx and xxxxxxxx practices xxxxxxxxxxxx and xxxxxxxxxxxxxxxxx Understanding xxx a xxxxxxx depends xx people xxxxxxxxxx suppliers xxx infrastructure xxxxxx assessment xxxxxxxxxx the xxxxxx of xxxxxxxxxx under xxxxxxx categories xxxxxxxxx financial xxxxxx regulatory xxxxxxxxx customer xxxxxxxxxxxxxxx and xxxxxxxxxxxx damage xxxxxxxx time xxxxxxxxxx RTOs xxxxxxxxxxx maximum xxxxxxxxx downtime xxx each xxxxxxx Resource xxxxxxxxxxxx Identifying xxx staffing xxxx facilities xxx supplier xxxxx necessary xx achieve xxxxxxxx These xxxxxxxx form x framework xxx prioritizing xxxxx activities xxxx need xx be xxxxxxxxx and xxxxxxxxxx resources xxxxx are xxxx urgently xxxxxxxx Without xxx BIA xx risks xx organization xxxxxxxx all xxxxxxxxx as xxxxxxx important xxxxx dilutes xxxxx on xxx most xxxxxxxxx processes xxx stretches xxxxx limited xxxxxxxxx Who xxxxxxx the xxx BIA xx usually xxxx by xxx business xxxxxxxxxx manager xx risk xxxxxxxxxx team xxxxxx it xxxx require xxx input xx many xxxxxxxxxxx Kildow xxxxx that xx one xxxxxxxxxx has xxxxxxxxx of xxx the xxxxxxxxxxxxxxxxx Senior xxxxxxxxxx would xxxxxxx oversight xxx the xxx players xxx operational xxxxxxxx IT xxxxx HR xxx procurement xxxxxxx In xxxx organizations xxxxxxxx partners xxxx as xxxxxxxxx or xxxxxxxxx providers xxx brought xxxx the xxxxxxx to xxxxxx that xxx BIA xx reflective xx the xxxxx supply xxxxx and xxx just xxxxxxxx operations xxxxxxxxxxxxxx and xxxxxx identification xxxxxxx with x robust xxx allows xxxxxxxxxxxxx to xxxxxxxx their xxxxxxxxxxxxxxx with xxxxxxxxx not xxxxxxxxx An xxxxxxxxxxxx can xxxx assess xxxxxxx dependencies xxx possible xxxxxxx and xxxxxx itself xxxxxxxxxxx between xxxxxxxxxx and xxxxxxxxxx As xxxxxx and xxxx noted xxxxxxxxxx is xxx the xxxxxxx to xxxxx all xxxxxxxxxxx but xx refers xx minimizing xxx impact xx disruptions xxx establishing xxxxxxx defined xxxxxxxx to xxxxxxxx References xxxxxxx Emergency xxxxxxxxxx Agency xxxx Threat xxx hazard xxxxxxxxxxxxxx and xxxx assessment xxxxx rd xx U x Department xx Homeland xxxxxxxx https xxx fema xxxxxxxxx B x Supply xxxxx management xxxxx to xxxxxxxx continuity xxxxxx
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