What is the Walmart Total Insured Value (TIV) at East Los Angeles , and how do you develop this information? This is your guess, but you've justified it with your explanation. Each store is valued between $6M and $8M. The average value of all the contents in any store is $5M. Each store has, on average, 200 employees.

1. Next, what is your Maximum Foreseeable Loss (MFL) for this location? Be sure to explain MFL.
2. What events may trigger this MFL? Remember, you're in Los Angeles. You must come up with three scenarios for an MFL. 
3. What is the Probable Maximum Loss (PML) at this location? What is PML?
4. What is the Estimated Maximum Loss (EML) at this location? What is EML? 
5. What's the difference between MFL, PML, and EML? 
6. Why do businesses need a BCP?
7. Explain the steps of developing a BCP.
8. For your first BCP, the scenario is a fire during non-business hours (3 am). List ten (10) critical items found on the plan, and start with what must be done first . through step ten.
9. For your second BCP, the situation is a robbery, with customers and employees getting shot and dying. List ten (10) critical steps found on the plan, and start with the first thing the manager must do  through step ten.
10. Where should all BCPs be stored or located?

Answer rating: 100% (QA)

based on your given assumptions the TIV for this store can be estimated to be between 6M and 8M with an average contents value of 5M and approximately ... View the full answer