Risk Management
Risk Management
04-27-2011
Henry Rivera, JR.
CMGT/442 - Information Systems Risk Management
Abstract
McBride Financial Services is currently opening an office in Sioux Falls, SD and requires a comprehensive risk assessment for McBride’s management team. The risk assessment should identify potential risks that could impact the operation of the business including; * The use of toxic chemicals in the vicinity of the business by manufacturing processes industrial solvents, blue print machines, etc. * Public transportation facilities that might handle the carriage of dangerous or hazardous substances, which could be involved in major accidents. * Potential targets of criminal activity. * Potential targets of terrorist activity such as government offices, law enforcement agencies, or politically sensitive businesses or services.
Risk Management
The reason of using Risk Assessment is to analyze hidden risks that could force a clash with the operation of the business of McBride Financial Services. This will analyze the plan of attack that will help to implemented for to avoid the risks and to minimize the risks that are inescapable.
Criminal Activity Criminal activity statistics for the Sioux Fall area will be factored into Risk Management plan. Unemployment rates are decreasing in the area and business opportunities are growing. Where there is an increase in unemployment rates, crime seems to decrease. In 2010 CNNMoney rated Sioux Falls, SD 45 out of 100 as one of the best places to live with a population of 161,000 people. With Affordable houses and with a high ranking healthcare facility that will attract working class families to the Sioux fall area. CNNMoney also reported that the personal crime occurrences are at number 3 per 1000 and property crime occurrences are 24 per 1000. The characteristics of life are in great existing and with a calm continuation of new companies are making their mark here.
04-27-2011
Henry Rivera, JR.
CMGT/442 - Information Systems Risk Management
Abstract
McBride Financial Services is currently opening an office in Sioux Falls, SD and requires a comprehensive risk assessment for McBride’s management team. The risk assessment should identify potential risks that could impact the operation of the business including; * The use of toxic chemicals in the vicinity of the business by manufacturing processes industrial solvents, blue print machines, etc. * Public transportation facilities that might handle the carriage of dangerous or hazardous substances, which could be involved in major accidents. * Potential targets of criminal activity. * Potential targets of terrorist activity such as government offices, law enforcement agencies, or politically sensitive businesses or services.
Risk Management
The reason of using Risk Assessment is to analyze hidden risks that could force a clash with the operation of the business of McBride Financial Services. This will analyze the plan of attack that will help to implemented for to avoid the risks and to minimize the risks that are inescapable.
Criminal Activity Criminal activity statistics for the Sioux Fall area will be factored into Risk Management plan. Unemployment rates are decreasing in the area and business opportunities are growing. Where there is an increase in unemployment rates, crime seems to decrease. In 2010 CNNMoney rated Sioux Falls, SD 45 out of 100 as one of the best places to live with a population of 161,000 people. With Affordable houses and with a high ranking healthcare facility that will attract working class families to the Sioux fall area. CNNMoney also reported that the personal crime occurrences are at number 3 per 1000 and property crime occurrences are 24 per 1000. The characteristics of life are in great existing and with a calm continuation of new companies are making their mark here.