1. You are the CEO of Alpha Investment Services. You have been closely involved with the development...
Question:
1. You are the CEO of Alpha Investment Services. You have been closely involved with the development of your Business Continuity Plan. You are intimately familiar with all of the steps undertaken to get your first iteration of the BCP approved by your board of directors.
A colleague of yours who runs a similar business in a Florida city is extremely concerned about his firm's ability to withstand a hurricane. Since hurricanes and floods are natural disasters that have similar characteristics, briefly explain to him your firm's strategy for dealing with a major flood threat. Use the case study data at your disposal from the text and your homework to explain:
- several RTOs that your plan is designed to provide with respect to your critical operations. Make sure you cite the actual time and level of capability for each RTO.
- your process for determining the magnitude of the threat (probability and impact analysis), indicating the most significant risk measures you have identified.
- the specific strategies of your BCP that address this major flood threat. Mention both mitigation and crisis response strategies that apply.
2. A major flood is expected to hit AIS in the next 48 hours. It is expected that this flood will make both facilities inaccessible for days. Briefly identify 3 steps from your BCP that you would take prior to the onset of flooding.
3. What mechanism(s) would be most effective for AIS in communicating with employees before a major flood crisis? Why?
What mechanism(s) would be most effective for AIS in communicating with customers during a major flood crisis? Why?
4. Based on the BCP for AIS, briefly describe the steps you would take during the restoration phase once the waters recede from a major flood event.