Risk analysis
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Discussion Question(s):
· Read consultant notes, "CN-kf-001 Disaster Recovery Risk Analysis" about Smith Systems Consulting. Address the following questions:
· What are the risks associated with each described situation?
· What measures can be taken to reduce or eliminate the risk?
· What is your recommendation to address each situation?
CN-kf-001
DATE: 1/7/2005
FROM: SMITH SYSTEMS CONSULTING, INC.
TO: KUDLER FINE FOODS
RE: DISASTER RECOVERY RISK ANALYSIS
PRIORITY: [URGENT]
The following are several situations within Kudler Fine Foods that have a certain degree of risk present in the event of a disaster.
􀂃 At 2:00 p.m. each day, all processed receipts (in the form of personal or corporate checks) are taken to the bank for deposit into the company's account. At the end of the day (4:30 p.m.), the clerks/managers place all un-deposited checks, which were not taken to the bank, on the top open shelf of their cubicles. Processing of these un-deposited receipts is completed the next day.
􀂃 The Company maintains a relatively open environment for its office support staff. Employees work in a large open area with their workspaces separated by four-foot high partitions. In one corner of this area is a small kitchen facility, with a sink, a refrigerator and a coffee machine. Employees are free to come and go to this area and are allowed to bring food and drink back to their workstations. Much work is done on personal computers attached to a LAN. Employees enter a variety of data into the computer, mostly of a financial nature. They are also encouraged to take work home and there are several laptop computers that employees can checkout for working at home or in a travel status. Because employees are often taking work home considerable data is transferred from the file server to 3.5" floppy disks, "Zip Drives" or "thumb drives", which the employees take home and use on the laptops. Most workstations have several floppy disks lying around on the desk.
􀂃 Kudler's computer system at their main store is connected with underground cables to communications and power services. As the surrounding area is growing and undergoing construction for new building and other businesses, quite often the underground cables are severed during construction.
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Solution Summary
The following are several situations within Kudler Fine Foods that have a certain degree of risk present in the event of a disaster
Solution Preview
�� At 2:00 p.m. each day, all processed receipts (in the form of personal or corporate checks) are taken to the bank for deposit into the company's account. At the end of the day (4:30 p.m.), the clerks/managers place all un-deposited checks, which were not taken to the bank, on the top open shelf of their cubicles. Processing of these un-deposited receipts is completed the next day.
The primary risk associated with this situation is that cheques being kept in open cubicles can be lost or taken away by unauthorized people and misused as well. In other words, theft can take place. Further, since no processing has been done at the end of the day, there is no record about the receipt of cheques which will make further action regarding lost cheques really difficult and can even invite regulatory action from people whose cheques have been lost or misuse.
Thus, to mitigate this risk, first of all. adequate records should be maintained for all these cheques which remain undeposited at the end of day. In other words, as soon as the cheques are received, any entry for their receipt should be made ...
Education
- BCom, SGTB Khalsa College, University of Delhi
- MBA, Rochester Institute of Technology
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