CYB_410_2-3_ProjectOne_SteppingStone_Branden_Knight
xlsx
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School
Southern New Hampshire University *
*We aren’t endorsed by this school
Course
410
Subject
Information Systems
Date
Dec 6, 2023
Type
xlsx
Pages
18
Uploaded by MateTurtleMaster4095
Positive Risk Response Options
Negative Risk Response Options
Alternative Response Options
Risk
Issue
No longer active
Risk ID
EXAMPLE
Ordering Supplies
Technology
Physical Security
Asset Management
Insurance
Safety
Green Thumb Risk Register
Exploit
Avoid
Contingency
Something that has not happened but might
Something that has already happened
Description
Description of the risk
There is a chance that the project cost will exceed the amount that the company has
budgeted for the work.
There is a chance of not having access to the supplies necessary to support the nursery
(including office supplies, fertilizer, additional inventory, and so on).
There is a chance of not being able to access the the point-of-sale (POS) system or the
licensing portal for regulated items (for example, pesticides and chemicals).
There is a chance that if physical security is not in place, the opportunity for breaking and
entering occurs.
There is a chance of loss of quality control or loss of crop due to environmental factors or
growing techniques.
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Branden Knight
CYB-410: Security Risk Management
Southern New Hampshire University
There is a chance of not having the proper insurance that would cover different situational
issues related to business assets and employees.
There is a chance there could be an opportunity for mortal danger because of the nature of
the business (for example, using ladders, forklifts, and pesticides).
Share
Monitor
Transfer
Mitigate
Risk Trigger
Risk Category
Financial
Operational
Technological
Financial
Strategic
How you know the risk is becoming an issue or has
reached a point that requires action.
Group defines the types of
risks (technological,
financial, employee, etc.)
If the expected work remaining will cost more than
$9,000 over budget, we will need to seek additional
funding from management.
I know if the supply inventory is low then we'll have
to order more. Supplies need to be ordered in time
to account for the two-day shipping.Which is a
priority for the business to function and operate
accordingly.
The internet and equipment failure will indeed
cause this risk because could-based are being used.
If anyone is able to get through the physical
security, that means more secuirty going forward
needs to be in place
If what's affecting quality and need techniques that
were being developed, by environmental factors,
the overall strategy will have to change.
Operational
Employee
Insurance is priority and will need to be in affect
before the business runs. It will then need to added
to removed entirely based on employee growth.
Along with assets.
Safety is key and will need to in place before the
business runs. Risk is then triggered when the
employees safety is exposed.
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Accept
Probability/Impact
PI Score
Accept
1
1-3
2
4-6
3
7-9
Probability (1-3)
Impact (1-3)
PI Score
Probability multiplied by impact
2
3
6
1
3
3
2
1
3
1
2
3
3
3
8
Note:
Colors in the heat map are conditionally for
Group-sourced rough
estimate of how likely this
is to occur
Group-sourced rough
estimate of how significant
the impact of this risk will be
if/when it becomes an issue
2
3
5
2
3
6
Low
Moderate
High
Expected Result, No Action
Sales will be taken place paper.
Cash and inventory could potentially be stolen
rmatted for your use in the template. Do not modify.
What will happen if the risk becomes an issue and no action is
taken
We will not be able to secure funding necessary to complete the
project. Work may stop before MVP has been achieved. Product
may never get to market and be deemed a total failure.
The business will not be able to run smoothly if the supplies are
not purchased initially.
The quality of crops will be compromised, which then will hurt the
bottom line entirely.
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The business may be shutdown.
Injured employees, lawsuits, and a destructive financial impact,
can lead to possible shutdown.
Risk Response Type
Mitigate
Monitor
Contingency
Montior
Observe
Decision made by group on how to respond to this risk
(see above in blue)
Avoid
Avoid
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Response Trigger
How do you know it is time to put the response into play?
As supplies continue to run low.
Being able to bypass physical security.
As crops that are not meeting the necessary standard.
When estimated cost for MVP is within 5K of approved
project total, we will begin seeking additional funding.
When is there faulty failure in the equipment and
internet.
When an accident happens.
As the bsuiness with it already being started, change in
employees, and change of assets.
Response Description
What is the response?
Meet with key stakeholders to review finished product, total spend to date, work
remaining, and expected total spend. Ask for additional funding to complete
work.
More supplies must be ordered before they are fully depleted, also accounting
for delivery time. Must have local supplies near if and when the actual supplies
are gone.
Paper will be utilized to document sales. IT will be involved for all technical
problems including computers, power issues, and the internet. Will have to use
laptops incase of a power outage.
Law enforcement will be involved and will have to check for signs of theft. Repair
what areas of the security that was breached.
Department of Agriculture will be montiored along with the software looking for
growth techniques and the environment for changes that will have an negative
effect.
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Insurance will be acquired prior to opening the business. Evaluate all insurance
when there's employment. Also contact insurance company.
Safety procedures will have to be in place prior to opening. If there's an accident,
must evaluate the procedures and make changes.
Expected Impact of Response
Supplies will be more that $25K.
Technolgy as well will be more than $25K.
This can be within range of $25K or less.
What do you expect will result from the
response?
Given that our team has a mostly stable
velocity and a proven ability to meet
commitments and deliver value, we expect
the answer to be yes provided the total
amount of requests is less than $25K.
Security is expensive and for updates and
maintenance will cost more than $25K.
Insurance might be more $25K.
Safety protocols can fit in the $25K range.
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