write up an analysis paper on how good Enterprise Risk Management could benefit the company.
Pick an industry/company to focus on for this assignment – I have picked the company “Boeing”. Based upon the given information you can find on the company and any past issues/breaches the company has gone through, write up an analysis paper on how good Enterprise Risk Management could benefit the company.
My sections –
1. Introduction – brief background of company and any issues the company has had in the past such as data breaches
Sample Crisis Management Plan for Hierarchical Access, Ltd.
Purpose
This crisis management plan (CM) is designed to maximize the protection for personnel in the event of a crisis. Immediately following a crisis, this plan is to be placed into effect by the senior management present. Safety of personnel’s life and limb is paramount and supersedes any efforts to protect property. All employees are responsible for becoming familiar with this plan and for following their associated duties in the event of its activation.
Crisis Management Planning Committee
HAL’s crisis management planning committee (CMPC) consists of the chief executive officer, vice president of operations, director of human resources, and the chief information security officer, whoever they may be. The planning committee meets annually to review the CM plan and schedule appropriate training and exercises.
Crisis Types
For the purposes of this plan, there are three categories of crises. The first, although serious, should not require the implementation of this plan. The CM team leader or his or her appointed representative assesses the elements of the crisis and determines what level of crisis HAL faces based on the following criteria:
Category 1: Minor damage to physical facilities or minor injury to personnel; addressable with on-site resources or limited off-site assistance. Category 1 events are of a limited duration and have little or no significant impact on personnel safety or organizational operations. Examples of category 1 events include the following:
●Small building fire
●Power outage
● Minor flooding due to plumbing failure or excessive precipitation
●Individual personal accident, illness, or injury, including heart attack or stroke
●Assault or battery incident
●Vehicle accident
●Alcohol-related incident
●Employee suicide
Category 2: Major damage to physical facilities requiring considerable off-site assistance. Category 2 events are of longer duration than category 1 events and may affect more than a few personnel. Category 2 events may escalate depending on crisis conditions and require implementation of the CM plan. Examples of category 2 events include the following:
● Moderate building fire
● Widespread public health issue, such as a flu or cold
●Power outage
●Excessive flooding due to excessive precipitation
●Isolated suspected terrorist attack, such as a chemical or biological agent or explosive
● Hostage or sniper incident
●Vehicle accident
●Alcohol-related incident
● Minor earthquake, hurricane, or tornado damage
●Riots or demonstrations
Category 3: Organization-wide crisis requiring evacuation of organizational facilities, if possible, and/or cessation of organizational functions pending resolution of the crisis. Category 3 crises represent the highest level of impact on the organization and may occur in conjunction with local, state, or federal emergency relief efforts. Examples of a category 3 crisis include:
●Public health epidemic or outbreak
●Terrorist attack or explosion
● Other explosion (chemical, natural gas, or other)
● Major chemical or biological agent spill or release
● Widespread fires or wildfires
● Massive flooding, mudslides, or landslides requiring regional evacuation
● Massive earthquake, hurricane, or tornado damage
Crisis Management Team Structure
The CM team has the following purpose:
●To develop and maintain awareness of the crisis or emergency situation for HAL management
●To coordinate support and assistance for crisis and emergency responders
HAL’s CM team consists of the following individuals:
●Team leader: Current director of human resources or appointed representative. Responsible for overseeing the actions of the CM team and for coordinating all CM efforts in cooperation with disaster recovery and/or business continuity planning on an as needed basis.
●Communications coordinator: To be appointed by the team leader. Responsible for managing all communications between the CM team, HAL management, employees, and the public, including the media.
●Emergency services coordinator: To be appointed by the team leader. Responsible for contacting and managing all interaction between HAL management and staff and any needed emergency services, including utility services.
● Other personnel as needed
Responsibility and Control
The chief executive officer is primarily responsible for the implementation and control of the CM plan. In the event of his or her unavailability or incapacitation, the vice president of operations will assume command. If this person is unavailable, succession follows the chain of command based on the existing hierarchy of executive management positions, with seniority in the organization deciding between positions at the same level of hierarchy. If all members of the executive leadership are unavailable or incapacitated, the CM team leader serves as a proxy for the executive-in-charge until the hierarchy of operations can be restored. Once the responsible individual has received notification of a crisis category event, he or she determines whether or not to implement the CM plan, along with any other needed plans, such as disaster recovery or business continuity. The CM team then begins work to minimize the threat to personnel safety and to identify any potential loss of life or health.