Risk Assessment focal points
As per the given scenario, the three to five focal points that risk assessment strategy should cover when an emergency occurs. The first point is detecting risks, which may be achieved in various ways, the most frequent of which is going around the office to monitor any activities, procedures, or materials that may hurt or harm personnel. The second pointÂ is to determine who might be affected and how. Identifying who may be at risk at the job involves total- and part-time employees, contract employees, tourists, customers, and other members of the public. The third point is to assess the risks and choose control strategies (riskassessor, 2019). Once a company or individual has recognized hazards, The apparent next step is to eliminate any potential effects; but, if this is not practicable, some control measures must be implemented. The fourth point is to go over the risk assessment again. Since the last evaluation, new equipment, chemicals, or tasks may have been added.
Risk Assessment Framework
COBIT risk assessment framework is used in the given scenario. There are many reasons for employing this framework. The first reasonÂ is that it allows for safe and effective risk management and governance. The second rationale for using this framework is that it gives high-level direction on how to detect, analyze, and respond to risks using COBIT’s fundamental risk-management procedures and risk scenarios. The third reason is that it incorporates different risk practices throughout the framework and references a variety of globally recognized risk frameworks (Violino, 2010).
The four risks that pandemic impacting the Hintel Company are:
Â·Â Health-Related Stress Factors (HRSFs):Â This category includes the fear of contracting COVID-19 and spreading it to others. These stresses reflected how concerned employees were regarding their health and the well-being of people near them.
Â·Â Work-Related Stress Factors (WRSFs):Â It contains five items, including the dread of losing one’s employment. For a long time, I was afraid of working from home.” This category is significant because it indicates the primary work-related anxieties that workers experienced during the epidemic and which caused them stress (Popa et al., 2022).
Â·Â Mental Well-Being (MWB).Â This construct focused on determining the mental or psychological experiences of persons who worked during the COVID-19 outbreak. This group includes seven items, such as “feeling apprehensive,” “feeling despairing,” and “feeling irritated or irritable.”
Â·Â General Work Performance (GWP):Â This item was selected not only because it may be used to measure the general performance of workers, irrespective of the specifics of the business, but because it is commonly utilized in this regard.
Â·Â Physical Well-Being (PWB).Â This construct includes seven items that indicate the extent to which staff perceived various situations that harmed their physical well-being (Popa et al., 2022). The three specific features were included in the study: Feeling fatigued or having low energy, sore muscles, fever or cold symptoms, trouble sleeping, and headaches.
Popa, I., È˜tefan, S. C., Olariu, A. A., Popa, È˜. C., & Popa, C. F. (2022). Modelling the COVID-19 pandemic effects on employeesâ€™ health and performance: A PLS-SEM mediation approach.Â Â International Journal of Environmental Research and Public Health,Â Â 19(3), 1â€“17. https://doi.org/10.3390/ijerph19031865
riskassessor. (2019, September 12).Â Â Risk Assessor: The five steps to risk assessment explained. Www.riskassessor.net. https://www.riskassessor.net/news/detail/five-steps-to-risk-assessment
Violino, B. (2010, May 3).Â Â IT risk assessment frameworks: Real-world experience. CSO Online. https://www.csoonline.com/article/2125140/it-risk-assessment-frameworks-real-world-experience.html
Edited byÂ Â Venkata Anand K MalempatiÂ Â on Sep 7 at 11:15pm
Focal points of risk assessment strategy:
1.Â impact of the virus to production and revenue-Â This business works to generate revenue and the production is what drives that. The strategy needs to focus on the impact of this event to these sections since they determine the ability for the business to exist.
2.Â impact of the virus to workers-Â The business is not autonomous and needs employees to produce the product. Since this event is a health threat to the employees, then focusing on how it is affecting them is a top priority.
3.Â Communication and updating the assessment:Â Since this event is novel, then the predictability is uncertain. The assessment needs to be able to be updated and communicated to employees, and customers in a timely manner. Communication is one of the most important intangible assets to any business.
Risk Assessment Framework:
I would employ the NIST RMF framework because it is an easy step by step framework that could be applied to this situation in a straightforward process. The RMF clearly requires the maintaining of the assessment, which is important to this event since things will need to be actively monitored. Lastly, it ensures that magnitude of impact is reviewed which is extremely important since the current calculation is that we are losing $75 million per day that the event is happening.
Other sources of impact:
1.Â negative brand name recognition-Â Since one of the factories was in the originating location of the virus, China, customers may have a negative response to purchasing our products
2.Â loss of employees-Â Since the virus affects the health of our employees, it may result in a loss of employees from passing away and from quitting due to their own safety.
3.Â workflow-Â Even if the virus does not lead to a loss in employees, it will affect their ability to work. This impact can have various effects that should be monitored and assessed.
Are you busy and do not have time to handle your assignment? Are you scared that your paper will not make the grade? Do you have responsibilities that may hinder you from turning in your assignment on time? Are you tired and can barely handle your assignment? Are your grades inconsistent?
Whichever your reason is, it is valid! You can get professional academic help from our service at affordable rates. We have a team of professional academic writers who can handle all your assignments.
Students barely have time to read. We got you! Have your literature essay or book review written without having the hassle of reading the book. You can get your literature paper custom-written for you by our literature specialists.
Do you struggle with finance? No need to torture yourself if finance is not your cup of tea. You can order your finance paper from our academic writing service and get 100% original work from competent finance experts.
While psychology may be an interesting subject, you may lack sufficient time to handle your assignments. Don’t despair; by using our academic writing service, you can be assured of perfect grades. Moreover, your grades will be consistent.
Engineering is quite a demanding subject. Students face a lot of pressure and barely have enough time to do what they love to do. Our academic writing service got you covered! Our engineering specialists follow the paper instructions and ensure timely delivery of the paper.
In the nursing course, you may have difficulties with literature reviews, annotated bibliographies, critical essays, and other assignments. Our nursing assignment writers will offer you professional nursing paper help at low prices.
Truth be told, sociology papers can be quite exhausting. Our academic writing service relieves you of fatigue, pressure, and stress. You can relax and have peace of mind as our academic writers handle your sociology assignment.
We take pride in having some of the best business writers in the industry. Our business writers have a lot of experience in the field. They are reliable, and you can be assured of a high-grade paper. They are able to handle business papers of any subject, length, deadline, and difficulty!
We boast of having some of the most experienced statistics experts in the industry. Our statistics experts have diverse skills, expertise, and knowledge to handle any kind of assignment. They have access to all kinds of software to get your assignment done.
Writing a law essay may prove to be an insurmountable obstacle, especially when you need to know the peculiarities of the legislative framework. Take advantage of our top-notch law specialists and get superb grades and 100% satisfaction.
We have highlighted some of the most popular subjects we handle above. Those are just a tip of the iceberg. We deal in all academic disciplines since our writers are as diverse. They have been drawn from across all disciplines, and orders are assigned to those writers believed to be the best in the field. In a nutshell, there is no task we cannot handle; all you need to do is place your order with us. As long as your instructions are clear, just trust we shall deliver irrespective of the discipline.
Our essay writers are graduates with bachelor's, masters, Ph.D., and doctorate degrees in various subjects. The minimum requirement to be an essay writer with our essay writing service is to have a college degree. All our academic writers have a minimum of two years of academic writing. We have a stringent recruitment process to ensure that we get only the most competent essay writers in the industry. We also ensure that the writers are handsomely compensated for their value. The majority of our writers are native English speakers. As such, the fluency of language and grammar is impeccable.
There is a very low likelihood that you won’t like the paper.
Not at all. All papers are written from scratch. There is no way your tutor or instructor will realize that you did not write the paper yourself. In fact, we recommend using our assignment help services for consistent results.
We check all papers for plagiarism before we submit them. We use powerful plagiarism checking software such as SafeAssign, LopesWrite, and Turnitin. We also upload the plagiarism report so that you can review it. We understand that plagiarism is academic suicide. We would not take the risk of submitting plagiarized work and jeopardize your academic journey. Furthermore, we do not sell or use prewritten papers, and each paper is written from scratch.
You determine when you get the paper by setting the deadline when placing the order. All papers are delivered within the deadline. We are well aware that we operate in a time-sensitive industry. As such, we have laid out strategies to ensure that the client receives the paper on time and they never miss the deadline. We understand that papers that are submitted late have some points deducted. We do not want you to miss any points due to late submission. We work on beating deadlines by huge margins in order to ensure that you have ample time to review the paper before you submit it.
We have a privacy and confidentiality policy that guides our work. We NEVER share any customer information with third parties. Noone will ever know that you used our assignment help services. It’s only between you and us. We are bound by our policies to protect the customer’s identity and information. All your information, such as your names, phone number, email, order information, and so on, are protected. We have robust security systems that ensure that your data is protected. Hacking our systems is close to impossible, and it has never happened.
You fill all the paper instructions in the order form. Make sure you include all the helpful materials so that our academic writers can deliver the perfect paper. It will also help to eliminate unnecessary revisions.
Proceed to pay for the paper so that it can be assigned to one of our expert academic writers. The paper subject is matched with the writer’s area of specialization.
You communicate with the writer and know about the progress of the paper. The client can ask the writer for drafts of the paper. The client can upload extra material and include additional instructions from the lecturer. Receive a paper.
The paper is sent to your email and uploaded to your personal account. You also get a plagiarism report attached to your paper.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more