3.6 Scenario planning* Flashcards
Scenario planning
Process of anticipating possible changes in a business and devising ways of dealing with them.
Issue with natural disasters
Unpredictable
Devastating to business operations
Issues with IT systems failure
Affect a businesses ability to carry on operating normally.
Examples of IT systems failure
Malware
Phishing
Data breach
Insider threat examples
Employees harming business IT system
Untrained staff
Stealing of sensitive information
What can a loss of key staff affect?
Business competitive edge
Morale of remaining employees
Relationship with customers and suppliers
Risk Mitigation
Identify and assess risks, prioritise and plan responses.
Business continuity plan
Sets out how a business will operate following a serious incident and how it will return to normal.
Risk assessment
Identify potential risks that could disrupt business operations.
Risk assessment example
Natural disaster
Impact analysis
Assessment of potential impacts of events on a business.
Impact analysis example
Identify critical business functions
Strategy development
Formulates the approaches to be taken to respond to disruption.
Strategy development example
Backup systems
Plan development
Outline specific steps that will be taken in the event of disruption.
