Minimum word count of 500 words for each response.
1. Risk framing to make sound risk-based decisions must start with documented inputs: 1) the assumptions upon which the decisions are based; 2) constraints against the amount of risks that are allowed; 3) risk tolerance; 4) the organization’s priorities; and 5) interdependencies or interrelationships.
Explain each of these 5 factors that affect risk-based decisions. Also, illustrate a risk-based decision that a private or public sector organization might make using these 5 factors. You can make up the illustrating example; it does not have to be based on an actual organization.
2. Discuss how both real world events and exercises are useful for validating capabilities for 1) preparedness; 2) mitigation (also referred to as prevention and protection); 3) response; and 4) recovery.
3. Although an all-hazards planning approach is a best practice, those plans need to be tailored to local conditions, which is often referred to as “resilience from the bottom up.” Discuss what kinds of factors shape local plans such as those for resilience and response.
4. As the county emergency planner, you have decided to focus this year on communications resilience for a major disaster that would require assistance from neighboring jurisdictions, state, and federal agencies. Assume that FEMA has given your county a multi-million dollar 3-year grant for this.
What kinds of trainings, drills, and exercises would you hold for communications resilience? What capabilities should the county focus on? What would be good objectives for the various exercises (not the trainings or drills) for communications resilience?
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Risk framing is considered the first component of a risk management plan. It involves describing the risk contextually, within the organizational environment and is a crucial step before any assessment, response and monitoring procedures can be developed.
Risk assumptions are the organizations best postulation regarding the likelihood of any particular risk, vulnerability of the organization to that risk, and the impact that a particular risk would have on the organization. During this step, the organization must identify possible risks and threats, determine their likelihood based on published data, research studies, government data or internal information gathering. An organization must then determine how vulnerable its infrastructure, systems and personnel are to that risk as well as the consequences that risk would have on the aforementioned groups and the organization as a whole, were it to occur. Vulnerabilities can include IT systems, damage to electrical grids, telephone and internet service providers that service the organization, as well as physical and financial harm to employees and property. Consequences of a risk can range from a slowdown in operations, damage to the company...
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