Business Contingency Plan Recommendation JIT2 Risk Management, Task C September 6, 2014 Introduction: SterlingCrest’s business contingency plan contains numerous preventive measures, resources, and procedures to allow the company to quickly and efficiently restore operations in order to mitigate the negative effects of a major business disruption. The purpose of this report is to provide an implementation strategy for the company’s business contingency plan, along with recommendations for monitoring and adjusting the plan going forward. C. Recommendation: After establishing a comprehensive business contingency plan in writing with signoff from the SterlingCrest’s Board of Directors, the executive leadership will assign a manager to oversee the implementation, monitoring, and adjusting of the plan on a go-forward basis. Implementation. In order for the plan to be successfully implemented and adopted, it is vital for the BCP manager to communicate the benefits of the plan to management and to everyone with an active role in the execution of the plan.
It’s then up to these parties to analyze internal and external information, identify risks that impact business objectives, and determine the appropriate responses for dealing with these new or evolving risks. By establishing and reinforcing the importance of this process and validating results, those results can be used not only to enable risk-informed decision making but also to guide strategy and objective setting. Risk assessment begins and ends with specific
Compare the 2 and report on whether the projections from the first report were accurate. Were the recommended changes/improvements made and how did they impact on the next year’s report? Manage Budgets and Financial Plans Introduction In this project, I will analyse the financial reports of Woolworths. Woolworths is a supermarket/grocery store chain in Australia, owned by Woolworths Limited. Along with Coles, Woolworths form a near duopoly of Australian supermarkets, together accounting for about 80% of the Australian market.
The RUP process or workflow starts off with Business modeling. Dr. Royce starts off with System Requirements. The goal of Business modeling is to establish understanding and communication channels between business engineering and software engineering. This modeling will show how to create and maintain traceability between business and software models. I believe this is important because of the following statement “In Business Modeling we document business processes using so called business use cases.
The case narrative describes a business scenario and a problematic performance measurement system. The case requirements ask you to apply performance measurement concepts to interpret production results, evaluate the company’s current performance measurement system, discuss the applicability of the balance scorecard framework for improving the current performance measurement system, construct a balanced scorecard for the company, and then effectively communicate the results of your analysis, evaluation, and recommendations in the form of a professional written memo. 1. Analyze standard cost variance results and deduce likely causes. 2.
In line with this, this essay concentrates on critically discussing the challenges of achieving the original aims of an enterprise system and also provides possible guidelines to deal with such challenges. The challenges which include workarounds, social structures and the side
Understand the Process of Strategic Planning & Be Able To Formulate a New Strategy ‘Name’ ‘Instructor’s Name’ August 8, 2013 Strategic management is the technique of devising, executing and assessing the cross-functional business decisions, that will help an organization achieve its business goal. The process of strategic management starts from defining the business objectives of the concern, then develop the policies and plans to achieve those objectives, allocate the necessary resources required for successful implementation of the plans and finally implement those plans. Thus strategic management is a combination of tasks of different functional areas or departments of an organization, focused on achieving the organizational targets. It offers the general direction to the organization, and prepares the enterprise to meet its tentative circumstances with due assiduousness. The following part of the essay aims at defining some of the important terminologies and concepts used in strategic management.
Thus, a management function is derived that tries to address the alignment of IT and business by systematically designing and develop an organization according to its strategic objects and vision. In line with Frederik Ahlemann (2012), this management function, known as enterprise architecture management, is defined as follows: EA management is a management practice that establishes, maintains and uses a coherent set of guidelines, architecture principles and governance regimes that provide direction and practical help in the design and development of an enterprise’s architecture to achieve its vision and
Also, will discuss the notion of ethics and sustainability and their reflection over businesses, economy, environment and society. Management accounting and its objectives Management accounting is a process of measuring, analyzing and reporting financial & non-financial information within an organization to assist managers take better qualitative decisions regarding organization’s resources and to accomplish the company’s goals and creates competitive advantage (Horngren et. al., 2011). In order to help managers to take better decisions and to manage their resources, management accounting has distinctive process and techniques, which include systems to help applying the organizational strategy, process engineering and cost management, planning and control system. Clearly, management accounting derives its advantage from the flow of the organizational vision, mission and strategies.
Analysis of development needs and learning styles Effective learning is an essential component of business strategy. The purpose of a learning needs analysis is to identify and prioritise the critical learning needs. This section describes some standard approaches that can be modified and tailored to the specific needs of the organisation. Identifying learning needs key points * When identifying learning needs the following must be considered: * Legislative requirements * Organisational needs * Job or group needs * Individual or team needs * All employee learning and development activities should support and directly link to the business strategy. * The learning needs analysis should be an integral part of a comprehensive learning and development strategic plan, built from the business plan, to gain the support of senior management.