Premium Essay

Contingency Plan

In:

Submitted By googizzle
Words 1383
Pages 6
Contingency Plans

We have created a contingency plans (CP) and defined roles and responsibilities (RR) for specific teams for five risks in the areas of Engineering, Manufacturing, Quality Operations, and Supply Chain. The project team has assessed the benefits, costs, and risks of alternative contingency strategies and have selected several plans that we recommend for each of the core risks. The project team has evaluated the probability and impact of each of the core risks, and prioritized them using a scoring method below. These two dimensions used to evaluate and determine the score and priority of the risk valued as Low=1, Medium=2, and High=3.

The five major risk that will adversely effect the project schedule, cost, and ultimately the success of the project are the event that the LapDock App software module is not completed on time. Second to that would be ensuring high compatibility with the various smartphones and their operating systems. Third is the maintaining the quality of the LapDock hardware manufactured by our oversees partners. The fourth risk event is the possibility that our components supplier goes out of business, or has problems delivering parts due to environmental or political factors. The fifth core risk is the event that LapDock devices and its packaging are damaged during shipping due to production process and quality of materials. The Risk Identification List shown in Fig 1 below summarizes the risk analysis and evaluation.

|Risk Identification List | |Risk Analysis |R|c |
| | | |i| |
| |

Similar Documents

Premium Essay

Contingency Plans

...Case Study: Contingency Plans Christine Grandfield   This study is about an impending blizzard is set to hit the area with accumulations forecasted to bring 2-3 feet of snow and damaging winds during the next 12-18 hours. Nurses on the floor are looking to Gillian Scott for direction on how to proceed if and when staff begin calling out and creating staffing shortages due to the weather situation. Gillian continues to monitor the weather closely and stays in close contact with her nursing supervisor. It is better for everyone, staff and patients included, that a plan be put in place sooner rather than later. Since this is second shift, most executives have gone home. The hospital has an Emergency Operation Plan (EOP) in place that Gillian reviews, paying special attention to the weather emergency section. Gillian knows that if the weather predictions are correct, they will have to keep the staff that is currently working until other workers can arrive at the hospital safely. With this in mind, the challenges she will be facing are tired co-workers as well as a floor that is short staffed. Gillian’s supervisor decides it is best to come into the hospital while roads are still passible. It will be easier to implement a plan while onsite as well as be able to help as needed. As the supervisor travels into the hospital, she notices that the roads are getting harder to pass and the snow predictions are proving to be correct. When she gets to the hospital, she calls...

Words: 743 - Pages: 3

Premium Essay

Contingency Plans

...Contingency Plans G.S. is an experienced nurse on the medical/surgical floor at a community hospital. G.S. is the charge nurse for the floor and needs to make decisions regarding staffing in the morning. A blizzard with 2-3 feet of snow and damaging winds is forecasted within the next 12-18 hours. It is the charge nurses responsibility to make the decision on proper emergency protocol for safe patient handling. There should be a contingency plan in place in all hospitals to adhere to during a crisis situation. Comprehensive Emergency Management Plans (CEMP) is used in Florida for all hospitals for emergency and non-emergency situations. The CEMP is responsible for the government, private, volunteer and non-governmental organizations consisting of the State Emergency Response Team (SERT). It helps with a basic process for awareness, recovery, response, and mitigates activities of the SERT. The CEMP ensures that all levels of government are able to mobilize as a unified emergency organization to safeguard the well-being of the state’s residents and visitors (Florida Disaster, 2016). CEMP provides a framework which doesn’t depend on any particular individual or situation but adjustable to the situation. A disaster contingency plan is prepared in every organization to respond to an emergency and the impact it can have to the people. Having a contingency plan in place can save time and confusion during a crisis. A contingency plan takes the guessing out of the situation and...

Words: 968 - Pages: 4

Premium Essay

Contingency Plan

...Contingency Theory of Leadership Bus 210 February 13, 2015 Charles May   Contingency Theory of Leadership Contingency Theory of Leadership Description of work envi-ronment The work environment I will describe is my last em-ployer. I was on the Project Management team for construction. Our goal was to build project timelines for builders and developers in a timely manner by following a timeline we provide depending on a number of variables. Our goal is to have the project complete by the time it was promised as well as provide great service. In the table below, categorize different leadership approaches that could be used in the work environment you have described. Provide different suggestions for each of the four approaches to leadership. Directive approach Supportive approach This approach is when a manager or leader gives his/her employees tasks and tells them exactly how to perform a task. I can see this approach being use-ful with departments such as Customer Service. This approach is usually seen in training classes. I feel this was an important part of me learning more about the company, how it operated, and how to navigate within the different systems. I have experienced this approach when I was first hired on to the company and was told what my responsibilities were as a Project Manager and how to navi-gate within our system. With the supportive approach, it is when a manager would give his/her subordi-nates the tools necessary...

Words: 718 - Pages: 3

Premium Essay

Contingency Plan

...DREAMZ TELECOMMUNICATIONS, INC. Charleston, S.C. Operations Contingency Plan Torey A. Shannon Dreamz Security Plan I. Overview 2.1 Objectives The operative objectives of this security plan is to provide employees with a safe and secure work environment that implements efficient security controls that protect the confidentiality of employees’ and clients information while employing efficient protocol to thwart and/or counteract potential security threats. To protect employees and clients from threats from unauthorized personnel and foreign agents, physical and technical security will be strategically placed within the organization through employee policy and technical support. Dreamz Incorporated will create security education, training, and awareness programs to further safeguard against potential threats and minimize loss from security intrusions. 2.2 Strategic Corporate Officers CEO - Raymond Williams (PH) 678-873-9087, (Email)Rwilliams@dreamz.org CIO - MarciaCamos (PH) 678-873-9088, (Email)Mcamos@dreamz.org CISO - James Korve (PH) 678-873-9089, (Email)Jkorve@dreamz.org 2.3 Information Security Governance Assignments CEO * Oversee Corporate Security policy * Brief board, customers, and public on corporate activities and policies. CIO, CISO * Set security policy, procedures, programs and training for the organization. * Respond to security breaches and coordinate independent audits. * Implement...

Words: 4878 - Pages: 20

Premium Essay

Contingency Plan

...CORPORATE GOVERNANCE COMPLIANCE Similarities: * Both Companies are fully committed to the maintenance of high standards of corporate governance by supporting and implementing the prescriptions of the principles and best practices of the Malaysian Code of Corporate Governance (Code) respectively. MK LAND HOLDINGS BERHAD | MALAYSIAN ARLINE SYSTEM BERHAD | * The Company is implementing the prescriptions of the principles and best practices of the Malaysian Code of Corporate Governance (Code) respectively. | * The Company abides the Guidelines to Enhance Board Effectiveness per the ‘Green Book’ set by the Putrajaya Committee on GLC High Performance (PCG). * The Board has adopted the Board Charter as recommended in the Green Book to ensure that all members of the board are aware of their fiduciary duties and responsibilities, legislations and regulations affecting their conduct. | BOARD OF DIRECTORS MK LAND HOLDINGS BERHAD | MALAYSIAN ARLINE SYSTEM BERHAD | Comprise members from diverse professional backgrounds with a wide range of business and financial experience relevant to lead and manage the Group. | | BOARD COMPOSITION AND BALANCE Similarities: * Independent Directors exceeded the one-third of requirement as set out under the Main Market Listing Requirements of Bursa Malaysia. * The Non-Executive Directors do not participate in the day to day management and do not engage in any business dealings or other relationship with the Group to ensure that they...

Words: 793 - Pages: 4

Premium Essay

Business Contingency Plan

...B. Business Contingency Plan The Compass Park Hospital Network aims to maintain business operations in the case of a disaster. In order to maintain patient care in the face of an emergency situation we are seeking to plan for restoration of business services as quickly as possible and transfer operations to other facilities in our hospital system as needed. We have reviewed some possible emergency scenarios and developed a business contingency plan to encompass all aspects of disaster recovery, including clean up from the emergency, communication with the public and our associates, emergency medical care for anyone that needs it, restoration of normal patient care operations and temporary transfer of operations and procedures as necessary. The Compass Park Hospital network is a healthcare network comprised of five full service hospitals and numerous surgery centers and clinic. In addition to helathcare facilities they also operate patient transportation services (EMS vehicles and non-emergency patient transportation) and a home medical equipment supply company. The Compass Park Hospital Network has hired an independent contract service to analyse the structural stability of each of their facilities and requested improvements to any facility that they are leasing from the landlord. They have reviewed the report and begun to make multiple safety improvements throughout the facilities that they own. They have made sure that all walkways are safe and free of structural...

Words: 2141 - Pages: 9

Premium Essay

Business Contingency Plan

...Aero BCP Implementation Plan It is important to develop an implementation plan to ensure a non-disruptive integration of the BCP Implementation  The stakeholders that are identified within the BCP plan must be made aware of its existence and must formally acknowledge that they will follow the plan to the best of their ability in order to limit damage to the company, its employees, its clients and its future growth. This recommendation is approached as a project, and is shared with all its stakeholders which includes but is not limited to, external customers, executive leaders, shareholders, managers and developers. All stakeholders with an action item from the BCP plan should be made aware of this action when the BCP is created as well as when the communication is sent out when the BCP is set in motion. Monitoring All actions set by the BCP should be closely monitored during the cleanup phase. All those who have an action item must report in regularly to managers and executives and multiple updates on progress should be sent to clients and the public. Transparency is great during this time because it lets stakeholders know progress as well as can help the company to get input on what still needs to be taken care of. Additionally, the BCP should have a project team manager itself, someone who can keep all actions in check and can update executives on progress. Adjustments  The data and recommendations in the BCP are well supported. However, often recommendations...

Words: 325 - Pages: 2

Premium Essay

Business Contingency Plans In Qnb

...Business contingency plans in QNB: Business continuance plan are the steps that a company puts into place to make sure it is capable of surviving a worst case scenario. If QNB rely heavily on computers they must have a continuance plan to make sure that the have a strategy if a catastrophic event happens which could either be an man made (such as break in, computers and other equipment could be taken) or could be a natural disaster such as a flood or an earthquake. The continuance plans are used in case of these events so employees will have a well-defined plan to follow A few examples of key successful business continuance plans are: ¥ Identifying potential risks. ¥ Full understanding of how the organization will be affected. Identifying...

Words: 1895 - Pages: 8

Premium Essay

Business Contingency Implementation Plan

...Business Contingency Implementation Plan Nov 1, 2015   Purpose The purpose of this implementation plan is to help Company X define the necessary steps required to put a Business Continuity Plan into action and have it function as planned. 1. Scope The scope of this plan is limited to • Implementation • Monitoring • Adjustment 2. Plan Implementation After spending many weeks or months developing a Business Continuity Plan, the time will come to actually implement it. The first step will be to get signoff from the different team leaders for their respective sections of the plan. Then the plan can be presented to senior management for final approval. After final approval, the following steps need to occur: 1) Distribute the plan to all team members who will have a role to play during an actual disaster. 2) Pre-position any supplies, hardware, software, generators and other items identified in the plan required for recovery. 3) Finalize and sign contract for renting manufacturing floor space at a facility located 60 miles inland, to be used in case of a disaster to the existing plant. 4) Finalize and sign contract for cold storage in case of damage to cold storage at existing plant. 5) Sign contract with existing carrier to increase bandwidth at training facility, also located 60 miles inland. This facility will become the recovery site in the event of a disaster. 6) Pre-position servers and related network equipment at training facility. During normal...

Words: 1464 - Pages: 6

Premium Essay

Implementation, Strategic Controls, and Contingency Plans

...Implementation, Strategic Controls, and Contingency Plans Tamicka Wilson STR/581 November 10, 2014 Kenneth Kobus Implementation, Strategic Controls, and Contingency Plans Baby boomers are starting to overpower the world today with their growth of having to change their lives by moving into an assisted living, independent living, or memory care facility. Atria Senior Living, Inc. is well known for taking care of elderly adults when they are needing around the clock care. In addition, Atria Senior Living, Inc. is continuing to grow even when other assisted living, memory care, and independent living facilities are being build all over the United States. However, today the implementation plan, strategic controls, and contingency plan of Atria Senior Living will be discussed. Along with financial support of Atria Senior Living, a break-even chart will show how Atria Senior Living will continue to grow over the years. Nevertheless, the implementation will include management changes that will enhance successful implementation, and contingency risk management planning. Implementation Plan Atria Senior Living, Inc. was formerly known as Atria, Inc. the company was incorporated in 1996 and is headquartered in Louisville, Kentucky with various communities in the United States. (Businessweek, 2014). In all of the Atria Senior Living facilities, they provide independent living, assisted living, memory care, and short-term retreat stays. At Atria Senior Living, we offer just the...

Words: 1572 - Pages: 7

Premium Essay

Contingency Plan Significance in Emergency Preparedness

...Contingency Plan Significance for Disaster Preparedness Tanya Vadnais Southern New Hampshire University Contingency Plan Significance for Disaster Preparedness We never know when disaster will strike in the healthcare profession, and therefore, disaster preparedness needs to be in the forefront of our minds. The most important part of disaster preparedness is planning in advance, and contingency plans are the most reliable way of accomplishing this. Contingency plans can be defined as “planning activities related to a site-specific threat that may occur at any time” (Vennema, 2007, p. 138). Different disaster planning and contingency plans will be needed depending on geographical location such as hurricanes in the southern region, earthquakes in the western region, and severe snow storms in the northern region. In the case study reviewed, a nurse who has just arrived for a 12 hours shift was concerned about the forecasted blizzard that was expected to bring two to three feet of snow in the next twelve to eighteen hours. Other nurses begin to get anxious and ask about contacting the nursing supervisor to seek strategies to ensure adequate staffing for patient care in the morning. Leadership within the healthcare facility should be cognoscente of the impending blizzard, and a contingency plan should be utilized to guarantee harm reduction during this internal/external disaster threat. Careful organization of contingency plans is necessary if those involved in a disaster are...

Words: 1524 - Pages: 7

Premium Essay

Nestlé Crisis Management Contingency Plan

...Nestlé Crisis management Contingency Plan 1. Problem analysis 2. Course of Action 3. Strategic Communications Plan 3.1) Communication Infrastructure 3.2) Nestlé Communication goals 3.3) Target Audience 3.4). Image Enhancement Message 3.5) Communications Channels and Outlets 3.6) Facebook as Communication Channel 3.7) Strategies for Social Network Communications 3.8) Strategic Communications Plan Key Performance Indicators 4. References Problem Analysis Nestlé has established itself as a leader in the world of nutrition and foods. However, the attack by Greenpeace that Nestlé fell subject to has taken its toll on the company image, as well as on the market price of company shares. The purpose of this document is to highlight the course of action that was taken, the problems that occurred as a result of these actions as well as solutions. Also included in this document is a proposed strategic communications plan that can be implemented by Nestlé to manage all its online & social media communications. The environmental awareness group Greenpeace claimed that Nestlé was contributing to deforestation by using palm-oil because suppliers expanded oil-palm plantations, paying no heed to the lives of the orangutans which inhibit the forests which would be lost. Greenpeace then proceeded to lead its attack on Nestlé by posting an altered version of Kitkat’s...

Words: 2626 - Pages: 11

Free Essay

Unclaimed Property

...certificates, vendor credits, and outstanding checks, such as payroll and dividend checks. Since unclaimed property claims do not constitute a tax, Statement of Financial Accounting Standards No. 5, "Accounting for Contingencies" (FAS 5)5 may affect an enterprise's financial reporting obligations. In FAS 5, the term "contingency" is defined as "an existing condition, situation, or set of circumstances involving uncertainty as to possible gain (hereinafter a 'gain contingency') or loss (hereinafter a 'loss contingency') to an enterprise that will ultimately be resolved when one or more future events occur or fail to occur. According to FAS 5, a contingent loss should be charged to income if information is available before issuance of the financial statements indicating by fiscal year-end that a loss probably has been incurred and that the amount of such loss can be reasonably estimated. If there is a reasonable possibility that the loss will be incurred, FAS 5 generally requires the disclosure in the footnotes of the financial statements to include a discussion of the nature of the loss and either the possible range of the loss (if it can be estimated) or a statement that such loss cannot be estimated. FAS 5 provides: "Disclosure is not required of a loss contingency involving an un-asserted claim or assessment when there has been no manifestation by a potential claimant of an awareness of a possible claim or assessment unless it is...

Words: 372 - Pages: 2

Premium Essay

Management

...1. Contingency means 'factors in the future that could happen but the chances of it are out of our control' and contingency planning means putting safe guards in place to make provisions for such occurrences.  The contingency factors that affect planning would mean that any planning that the company undertakes, need to take into occurrences that might result in needing to consult the contingency plan. Things to take into account when planning for change in a business are: * Organizational level, this shows the relationship between a manger’s level in the organization and the type of planning done. For this most, lower level Managers do operational planning while upper level managers do strategic planning. * Degree of environmental certainty - when uncertainty is high, plans should be specific, but flexible. Mangers must be prepared to change or amend plans as they are implemented * Length of future commitments says that plans should extend far enough to meet those commitments made when the plans were developed. Planning for too long or too short a time period is inefficient and in-effective. If you take all of these contingency factors into account when making any business decision, it is likely that there are some that will carry too much risk to go ahead with, meaning that contingency factors can greatly affect planning. 2. In an uncertain environment, managers should develop plans that are specific, but flexible. Although this may seem contradictory...

Words: 871 - Pages: 4

Free Essay

Business Management Application

...Technology Plan and Effective Online Communication Skills Michael E. Dudley Walden University September 11, 2013 Assignment Template Summary This template includes spaces for you to respond to each required part of the Week 2 Application. It also includes excerpts from the Discussion and Response Rubric and the Application 2 rubric that your instructor will use to grade your work. Specifically, you will complete: 1) Part 1: Personal Technology Contingency Plan a) Technology Back-up Plan b) Communication Plan c) Back-up Computers and Contacts Information 2) Part 2: Effective Online Communication d) Your Sample Post: Definition of email etiquette e) Evaluation of Your Sample Post This template also contains other important information: * Excerpt from the Discussion and Response Rubric – the complete rubric can be found in your classroom. Your instructor will use this rubric to assess your discussion posts each week. You will use the rubric elements and criteria to evaluate your work in Part 2 of this assignment. * Excerpt from the Week 2 Application Rubric – the complete rubric can be found in your classroom. Your instructor will use the Week 2 Application Rubric to assess your work for this assignment, completed in the following pages. * Information about how to save a file to your computer is found at the end of this template. Proceed to the next page to begin your work. Part 1: Personal Technology Contingency Plan...

Words: 2361 - Pages: 10