...Your Career Your Career Risk management is an essential part of many jobsand careers. However, there are careers that risk management is the essential to the job function. There are many careers with in information technology and other industries that focus on risk management and it is important to find professional organizations and web sites that can help one find a job in the field of risk management. There are many professional organizations that help people advance their career in risk management. RIMS, the risk management society, can be found at www.rims.org is a global not-for-profit organization that bills itself as the preeminent organization for networking, professional development and education opportunities to its members that represents 3,500 industrial, service, nonprofit, charitable and government entities world-wide(Risk Management Society [RIMS], 2014). RIMS also has a career search on their web site that covers 18 distinct categories of risk management. RIMS would be a good start for anyone looking for a career risk management. PRMIA, The Professional Risk Managers’ International Association, found at www.prmia.org,is another non-profit association that servers it members with networking, professional development and education opportunities (The Professional Risk Managers’ International Association [PRMIA.org], 2014). PRMIA has local chapters in in the United States in Atlanta, Boston, Chicago, Houston, Los Angeles, Minneapolis, New York, San Francisco...
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...Risk Assessment Introduction Sioux Falls, SD is one of McBride’s locations. McBride Financial Services utilizes sensitive equipment and toxic chemicals during its manufacturing process. These high end and dangerous items place the location at risk. Some of the threats include: use of toxic chemicals, public transportation, crime, and acts of terrorism. It is McBride’s responsibility to mitigate these threats. Use of Toxic Chemicals McBride Financial Services must control the risk of its use of toxic chemicals. “In its 2009 report Science and Decisions: Advancing Risk Assessment, the NAS recommended a process to address and communicate the uncertainty and variability inherent in a risk assessment…” (Janssen, Sass, Schettler & Solomon, 2012). Toxic chemicals not only provide a risk to the environment when mishandled, but also to the pocketbook of the organization responsible. Mishandling of toxic materials also act as a lure to the ill-intent. Crime, terrorism, and fanaticism all relish an opportunity to obtain amounts of these dangerous items. That is why McBride Financial Services must stay steadfast in securing these materials. Crime. McBride Financial services must secure their dangerous materials against crime. Mishandling of these materials results in an increased risk to crime. It not only enables crime by making them more susceptible to it, but also acts as a siren’s call. Continuous mishandling makes them vulnerable...
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...CMGT 442 Entire Course http://homeworkgallery.com/index.php/product/cmgt-442-entire-course/ http://homeworkgallery.com/index.php/product/cmgt-442-entire-course/ CMGT 442 Week 1 DQ 1 DQ 1: Based on the Ledford article, what special issues must be considered for corporate data which is not fully digitized? What are the potential risks associated with the loss of this type of data? CMGT 442 Week 1 DQ 2 DQ 2: Based on the Barr article, what special issues must be addressed for a risk management strategy that supports Web-based systems? Why the risks are associated with disruption of these web-based systems critical and require diligent consideration? CMGT 442 Week 1 Summary For this first week’s weekly summary topic, please find and summarize an IS risk management related current event. You may reference any source (Newspaper, Magazine, e-article, etc.) but please be sure to cite your source based on APA standards. Please keep your summary concise (1 paragraph) and include your perspective(s) and conclusion(s). If your source is web based, you may include a hyperlink to the reference website. You may post your article summary at any time during the week. Please provide peer feedback to at least one of your fellow class member’s article summary. CMGT 442 Week 2 DQ 1 Based on the Keston (2008) article, how important is enterprise identity management for reducing risk throughout the enterprise? Explain why a viable risk management strategy must include...
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...CMGT 442 ENTIRE COURSE To purchase this visit here: http://www.activitymode.com/product/cmgt-442-entire-course/ Contact us at: SUPPORT@ACTIVITYMODE.COM CMGT 442 ENTIRE COURSE Information Systems Risk Management Week 2 Individual Assignment Service Request SR-HT-001 (Huffman Trucking Benefits Election System) Prepare a 3- to 5-page paper describing the considerations necessary to address the possible security requirements and the possible risks associated with the Benefits Elections Systems being requested by the Service Request, SR-HT-001 for Huffman Trucking Company. Week 3 Individual Assignment Security Monitoring Prepare a 3- to 5-page paper describing the security monitoring activities that should be conducted in an organization with both internal IT (payroll, human resources, inventory, general ledger, and so on) and e-commerce (Internet sales and marketing) applications. The paper will include the rationale supporting each monitoring activity you propose and any recommended course of action to be taken when a significant risk is identified. Week 4 Individual Assignment Outsourcing Risks Prepare a 3- to 5-page paper that identifies the possible risks to an organization in each of the following outsourcing situations: a) the use of an external service provider for your data storage; b) the use of an enterprise service provider for processing information systems applications such as a payroll, human resources, or sales order taking; c) the use of a vendor...
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...Huffman Trucking Service Request Huffman Trucking is in need of addressing possible security requirements as well as security risks within their Benefit Elections System. Throughout the report the security requirements and security risks for the Benefits Electronic System will be documented and addressed. A few of the risks that are involved with the Benefits Electronic System are errors that cannot be controlled, taking too much time to complete, not having a correct plan and most importantly support from the stakeholders. It is important that the Huffman Trucking current system is reviewed and documented so that risks can be documented as well as requirements. It is important that the stakeholders are updated throughout the entire project. Any of the systems that Huffman Trucking is unclear about needs to be documented and any security requirements need to documented and corrected before the analysis phase can be started. A few of the security requirements that might need to be documented are what resources will be used; any risk boundaries that are with the system and what data diagrams are being used. There also needs to be a backup plan in case the system is hacked into during the project process. Without some type of a backup plan there can be a lot of information stolen from within the system. When the Benefits Elections System starts the upgrade process it is important that a project manager is assigned to the project. The purpose of the project manager is to help...
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...Risk Analysis Considerations for Huffman Trucking University of Phoenix CMGT442 1-8-2012 The purpose of a risk assessment is to help decision makers to become aware of threats that can negatively impact the business and to help them to make sound and informed decisions to limit the amount of risk the business is exposed to. Huffman trucking is embarking on the creation of a benefits election system for the tracking and reporting of employee benefits. Because of the sensitive nature of the information being dealt with, Huffman must take measures to limit the amount of exposure to risk the system will have. Often times companies overlook some factors of risk because they have limited vision with regards to potential liabilities or faults in their systems. A good and thorough risk assessment can identify previously unseen weaknesses as well as develop a better understanding of all the threats. There are some components that when in place can have a huge effect on the validity of a risk assessment. Hiring an outside firm with expertise in identifying threats and developing action plans can be costly but can also help to ensure any risk analysis is thorough. Also, companies with good data sources are in a better position to evaluate existing operations and assets. When putting together a risk assessment there are certain components that are crucial to getting the process completed thoroughly and appropriately. These steps include: Identifying Threats. Cataloging both internal...
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...Week 2 Individual Assignment Huffman Trucking started in 1936 in Cleveland, Ohio with just one tractor-trailer doing contract hauling in the same area. During World War II when the demand for moving of goods grew the company from 16 to 36 trailers by the end of the war. When the Motor Carrier Act of 1980 was passed, which deregulating the trucking industry, Huffman became a national carrier. The company does work for the Government, Auto manufacturing, consumer electronics, as well as raw materials. The company has union and non-union workers employed at its locations. This new benefits system is for both employee types to track their benefit information. The risks are many for this type of system as the type of data is the employee’s personal information. The information that needs protecting include Social security numbers, bank accounts numbers, their salaries and all the information that an identity thief would need to steal someone’s identity or use for other nefarious purposes. What risks are there in this new benefits election system? The benefits election system is the system that tracks all the benefits that the employees get from Huffman trucking as part of the compensation for working there. This includes heath care coverage, dental, vision, 401k, and anything else that needs tracking in the employees benefit packages. The data that is needed for this system are all the things that define a person in the United States. The risks that need addressing with this type...
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...Benefits Election System Huffman Trucking Company has demanded a top-notch Benefits Election System to be executed within the corporation. The current benefit packages that Huffman has include dental, medical, and vision plans for the employees within Huffman. For the Benefit Election System, member info and the benefit platform they choose are accumulated and accomplished on a database system. This type of system can be adapted by an electronic file or a hardcopy paper file. However the storage method, security processes need to be executed as soon as possible to protect employee’s confidentiality and material as well as preserve Huffman’s assets from theft and/or lawsuit. Huffman Trucking has implemented such a process called the Benefits Election System, which promotes organizational reporting and tracking of employee benefits. This document will assess the security risks and requests that the Benefits Election System requires. Guaranteeing the safety of organizational and employee data is fundamentally vital for any company. Security hardship can be detrimental to the association and the affected employees. In Huffman Trucking’s case, data stored in the database includes sensitive employee information, social security numbers and their names that are utilized for the Benefits Election System. The cost of harm of such sensitive information will typically result in a similar outcome - the loss of financial properties and/or the harm to one’s personal, critical information...
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...Security Monitoring Mobin Bahrami University of Phoenix Information Systems Risk Management CMGT/442 June 22, 2012 Brian Hoff Intro Security monitoring is an important factor in keeping any organization network safe as various attacks are on a rise. A company constantly must practice monitory techniques to keep their data safe. " The first step is to scan the internal and external environment and identify information technology risks before they become a problem. The key is to be proactive rather than reactive" (Marilyn Greenstein). Different organization consist of many applications that require a certain level of security measures and risk assessment. To determine the associated risks within an organization each application needs to be thoroughly reviewed. Also risks may vary between internal and external applications. Many organizations remain profitable and grow by creating a good mixture of information technology and e-commerce. E-commerce focuses mainly on the product marketing and Internet sales, while information technology (IT) team handle all aspects of the organizations network. Malicious attacks, natural disasters, and internal breach are all good cause to maintain a security monitoring system. Network Security Systems Security event monitoring involves monitoring activities that occur on a computer system such as, recording information and analyzing recorded data to identify any potential risks. Organizations must have a secure network to stay in...
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...Outsourcing Risks for Huffman Trucking Company Cliff Webb CMGT/442 July 11, 2011 Leroy Hurt Abstract The current analyses of the different types of opportunities at Huffman Trucking Company to be outsourced are great. The major issue is the risks that are involved with each of those tasks that may be outsourced to another company. Just to say we are going to send our work outside the company is not a risk that most companies are willing to take without the proper research that will ensure the business the risks involved will be minimal and those risks will be managed. To send the data storage to an outsourced company has the potential to have the data lost in transmission or even hacked into at the location. The ability to have applications such as payroll and human resources being outsourced can lead to employee information being lost or stolen. Using a vendor to manage either the desktops or the network also has major risks involved that need to be handled accordingly. While these are only a few things that can be outsourced at Huffman Trucking, these are the items most organizations try at one point or another to outsource. Looking at the items Huffman needs to ensure the proper risk mitigation strategy is in place for each of the topics and how the company will deal with each one. Introduction Huffman Trucking Company has decided to take on the endeavor of possibly outsourcing multiple aspects of their organization with companies that will ensure the business the...
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...Using Monte Carlo Tool for Risk Assessment CMGT/442 March 21, 2016 Craig McCormick Using Monte Carlo Tool for Risk Assessment A project can have many variables that can prevent it from completion. No one variable can effect a project more than a project’s risks. The key to having a successful completion of a project is through a risk assessment. It is the project manager’s job to identify potential risks within a project. Identifying these uncertainties will help to minimize the risks and their impact on the project. The Monte Carlo tool can be an asset for a project manager and risk assessment process. What is Monte Carlo? Monte Carlo is a simulation of mathematical technique that analyzes risk for decision making. The simulation uses different choices of action and gives a variety of probabilities and possible outcomes based on those actions. These possible outcomes are given in the most extreme situations, as well as with minor decisions. Additionally, the Monte Carlo simulation provides possible consequences of conservative decisions. Overall, “Monte Carlo analysis involves determining the impact of the identified risks by running simulations to identify the range of possible outcomes for a number of scenarios.” (Marom, 2010) How Monte Carlo Works Project risks are one of the big unknowns when it comes to risk assessment. Monte Carlo attempts to change these unknowns by using probability distributions. Probability distributions show that each risk variable...
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...Benefits Elections Systems CMGT 442 May 07, 2012 David M. Conway University of Phoenix Human Resources at Huffman Trucking, has a request for the development and installation of a Benefits Elections System for their company. The Benefits Election System will need to support both union and non-union employees, along with tracking and reporting the employee benefits associated with Huffman Trucking Company. Implementing the system will be placed throughout all locations for Huffman Trucking. Huffman Trucking will need to think about security and risks associated with the start-up of the Benefits Elections System. Summary Huffman Trucking was established in 1936 since then the company has grown into a national transportation company with over 1,400 employees and hubs in California, Missouri, and New Jersey with headquarters in Cleveland, Ohio. Huffman Trucking maintains the mission of being an ever growing company that keeps up with time changes and technology. Objective A Benefit Election System has to be looked at from many different angles, such as security and risk. Employee and company information must remain secure to protect the company from law suit and theft of client and personal information. Benefits Elections System Benefits Election System is a system that allows employees to elect their benefits in one central location, such as health insurance, Aflac, or vision. It allows the...
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...Service Request SR-HT-001 Huffman Trucking Derrick Jones CMGT/442 January 29, 2014 James Johnsen Service Request SR-HT-001 Huffman Trucking The purpose of this service request is to address identify and address the concerns that Huffman Trucking may incur if implementing a Benefits Election System. K. Huffman started Huffman Trucking in 1936 in the city of Cleveland, Ohio. Although the company started out with only one tractor-trailer it has grown considerably over the years. The need for more carrier services caused by World War II made Huffman Trucking a necessity and the company prospered as a result. Huffman Trucking became one of the major carriers to the ports on the East Coast and the Midwestern states. The company and the federal government have a relationship that is the result of the business that was conducted during the war. The company grew in numbers to 36 trailers and 16 tractors by the 1945. The growth of the company continued over the years resulting in the attainment of five carriers out of the eastern region. This type of growth has made it possible for Huffman Trucking to remain privately owned. Benefits Election System The tremendous success that the company has experienced over the years has made it necessary for the company to look at other benefits to its employees. Therefore, the company has chosen to implement a Benefits Election System “BES”. The main focus of the BES is to provide employees with a means of tracking and reporting their employee...
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