This task comprised of five assignments – assignment 1 to 5. However, the core study application got required in tasks 2 to 5.
I identified Harvey and Norman as my study case for this task. In this case, I assumed the role of an Information Security Manager. Afterward, I used my position to solicit information on the case study organization’s:
The gained information on the outlined areas of study was then used to formulate the base for task 3 on the identification of assets. The same was used classify the identified assets and associated risks both on the operations of the organization and the assets. From the risks identified, a critical analysis followed. After which, a risk mitigation plan likely to be implemented was developed.
This assignment majorly involved the identification of assets for Harvey and Norman organization. The assets were categorized into tangible and intangible. Afterward, the risks that are associated with the highlighted assets of Harvey and Norman were outlined including the possibility of their occurrence and the impacts likely to be caused in case they occurred (Management, 2017).
This assignment was also involved with highlighting risks identified in task 3. However, the difference is that task 4 identifies the top 25 risks with direct impacts while task 3 doesn’t. The risks are categorized according to the departments they are likely to affect the most. There influences or volatility are then given followed by their descriptions. For instance, risk 1 in activity 4 is “Failing to support business projects.” This risk falls under the category of “Internal/External Policing” and is considered a disruptive risk. On its description, it is said that the risk is most manifested when the organization in question creates a management system that does not help project teams in any way. Otherwise, project teams will not be able to achieve their objectives for the laid projects (Louis, 2017).
Like tasks 3 and 4, task 5 is also involved with highlighting risks identified in task 3. However, the difference is that as 4 identifies top 25 risks with the direct impacts, task 5 sorts the 25 risks starting with the riskiest to the least risky. However, as in task 3, task 5 also categorizes the risks according to the departments they are likely to affect the most while denoting their level of risk. There influences or volatility are not given like in task 3 but their exiting means of control given instead. For instance, the deadliest risk is “Stakeholder conflicts disrupting business projects.” The means of control is by project managers given the mandate to exercise cooperation and coexistence. The mandate should also include using conflict resolution mechanisms to alleviate possible disagreements. The cost for making necessary changes to alleviate such occurrences in the future is also given (Kroeber, Kluckhohn & Untereiner, 2015).
Kroeber A. L., Kluckhohn, C., and Untereiner, W. (2015) Culture: A Critical Review of Concepts and Definitions. Vintage Books. Retrieved from: https://www.questia.com/read/100067373 .
Louis, M., R. (2017) Organizations as culture bearing. Organizational Symbolism. Greenwich, CT: JAI.
Management. (2017).SMS | Strategic Management Society. Strategicmanagement.net. Retrieved from: https://www.strategicmanagement.net/
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