Risk Assessment Table<\/p>\n
Risk Assessment Table<\/p>\n
(1)<\/p>\n
Asset or Operation at Risk<\/p>\n
(2) Hazard<\/p>\n
(3) Scenario<\/p>\n
(Location, Timing, Magnitude)<\/p>\n
(4) Opportunities for Prevention<\/p>\n
or Mitigation<\/p>\n
(5) Probability (L, M, H)<\/p>\n
Impacts with Existing Mitigation (L, M, H)<\/p>\n
(11) Overall<\/p>\n
Hazard Rating<\/p>\n
(6) People<\/p>\n
(7) Property<\/p>\n
(8) Operations<\/p>\n
(9) Environment<\/p>\n
(10) Entity<\/p>\n
People<\/p>\n
Floods, tornadoes, and storms<\/p>\n
The area is prone to flash floods, tornadoes, and storms now and then, which takes people’s lives in the hundreds, in worst-case scenarios.<\/p>\n
Employees can work from home.<\/p>\n
Insure against adverse weather.<\/p>\n
M<\/p>\n
H<\/p>\n
MH<\/p>\n
Poor machine configuration, faulty equipment.<\/p>\n
Employees could unknowingly be working in unsafe conditions or using faulty equipment.<\/p>\n
Timely maintenance.<\/p>\n
Weekly or bi-weekly checkups.<\/p>\n
Training and re-training of personnel.<\/p>\n
L<\/p>\n
M<\/p>\n
LM<\/p>\n
Buildings and facilities<\/p>\n
Floods, tornadoes, and storms<\/p>\n
Floods, tornadoes, and storms could affect the physical structures of the company.<\/p>\n
Insurance against adverse weather.<\/p>\n
Occasional closure of premises.<\/p>\n
Renovate with flood-resistant materials.<\/p>\n
Install sewer backdoor valves.<\/p>\n
M<\/p>\n
H<\/p>\n
MH<\/p>\n
Earthquakes <\/p>\n
Adverse weather conditions and other factors could cause earthquakes.<\/p>\n
Insurance.<\/p>\n
Closure of premises.<\/p>\n
L<\/p>\n
H<\/p>\n
LH<\/p>\n
IT equipment and software<\/p>\n
Floods, tornadoes, and storms.<\/p>\n
Floods, tornadoes, and storms are disastrous to IT hardware and software, and are prone to occur, leading to destruction and loss of data.<\/p>\n
Data backup.<\/p>\n
Insurance.<\/p>\n
Invest in cloud infrastructure.<\/p>\n
M<\/p>\n
H<\/p>\n
MH<\/p>\n
Theft and sabotage<\/p>\n
Authorized or unauthorized persons could break in and steal the equipment.<\/p>\n
Insurance.<\/p>\n
Foster physical security.<\/p>\n
Allow only authorized persons into the premises and institute access privileges.<\/p>\n
L<\/p>\n
M<\/p>\n
LM<\/p>\n
Viruses<\/p>\n
A virus may attack the computer systems in the company.<\/p>\n
Install anti-viruses.<\/p>\n
Implement access privileges.<\/p>\n
Authenticate all employees for access.<\/p>\n
Use a cloud infrastructure.<\/p>\n
L<\/p>\n
L<\/p>\n
LL<\/p>\n
Downtime<\/p>\n
The company may experience downtime, which could affect various business operations that run on technology controlled by computer systems.<\/p>\n
L<\/p>\n
M<\/p>\n
LM<\/p>\n
Heavy machinery and robots<\/p>\n
Floods, tornadoes, and storms<\/p>\n
Floods, tornadoes, and storms are disastrous heavy machinery and could lead to cessation of operations.<\/p>\n
Insurance.<\/p>\n
Raise the heavy machinery off the floor.<\/p>\n
Flood-proof the machinery.<\/p>\n
M<\/p>\n
H<\/p>\n
MH<\/p>\n
Fire <\/p>\n
Fire could obliterate every piece of equipment on the premises.<\/p>\n
Install smoke detectors and alarms.<\/p>\n
Erect fire extinguishers at designated locations.<\/p>\n
Train employees on how to react in the event of a fire.<\/p>\n
L<\/p>\n
H<\/p>\n
LH<\/p>\n
Raw materials (plastic, aluminum, copper, steel, etc.)<\/p>\n
Loss of important suppliers<\/p>\n
Some suppliers could decide to end their contracts with Triangle Corporation.<\/p>\n
Maintain good relations with suppliers.<\/p>\n
Source from numerous suppliers.<\/p>\n
L<\/p>\n
L<\/p>\n
LL<\/p>\n
Floods, tornadoes, and storms.<\/p>\n
Adverse weather conditions could also destroy critical raw materials.<\/p>\n
Insulate the storage rooms from water penetration.<\/p>\n
Insurance.<\/p>\n
M<\/p>\n
L<\/p>\n
ML<\/p>\n
Finished HVAC components<\/p>\n
Floods, tornadoes, and storms.<\/p>\n
Adverse weather could occur and destroy the finished products ready for sale.<\/p>\n
Insurance.<\/p>\n
Install flood-proof capabilities.<\/p>\n
Maintain as little inventory as possible.<\/p>\n
If possible, rent an off-site storage facility for finished products.<\/p>\n
M<\/p>\n
M<\/p>\n
MM<\/p>\n
Substandard finished products<\/p>\n
Some inputs may bring about substandard finished products.<\/p>\n
Regular inspection of raw materials.<\/p>\n
Regular inspection of production processes.<\/p>\n
L<\/p>\n
H<\/p>\n
LH<\/p>\n
Company documents<\/p>\n
Floods, tornadoes, and storms.<\/p>\n
Adverse weather conditions could burn and destroy important company documents.<\/p>\n
Have as little paperwork as possible.<\/p>\n
Back up every paperwork (scan copies and upload to the cloud).<\/p>\n
Maintain safes for important documents.<\/p>\n
M<\/p>\n
L<\/p>\n
ML<\/p>\n
Theft, loss, or misplacement.<\/p>\n
Company documents could be lost, stolen, or misplaced.<\/p>\n
Avoid paperwork as much as possible.<\/p>\n
L<\/p>\n
L<\/p>\n
LL<\/p>\n
Communication devices and equipment<\/p>\n
Floods, tornadoes, and storms.<\/p>\n
Adverse weather conditions may cut all communication from or into the company premises.<\/p>\n
Install protective measures such as sealed cabling to reduce damage in case of such occurrences.<\/p>\n
M<\/p>\n
L<\/p>\n
ML<\/p>\n
Triangle Corporation manufactures HVAC components in Clarksville, TN. The region is prone to floods, tornadoes, and storms. The company has numerous assets such as people, building and facilities, IT hardware and software, heavy machinery and robots, raw materials, finished HVAC components, company documents, and communication hardware. These assets could be impacted by various hazards such as floods, tornadoes, winter storms, fire, theft and sabotage, viruses, downtime, and earthquakes. These and other hazards could have devastating effects on the assets, which could significantly affect company operations. Different hazards have different impacts on the assets. For instance, advance weather conditions have a high impact on people, buildings and facilities, IT hardware and software, and machinery.<\/p>\n
ready.gov\/business<\/p>\n
ready.gov\/business<\/p>\n","protected":false},"excerpt":{"rendered":"
Risk Assessment Table Risk Assessment Table (1) Asset or Operation at Risk (2) Hazard (3) Scenario (Location, Timing, Magnitude) (4) Opportunities for Prevention or Mitigation (5) Probability (L, M, H) Impacts with Existing Mitigation (L, M, H) (11) Overall Hazard Rating (6) People (7) Property (8) Operations (9) Environment (10) Entity People Floods, tornadoes, and […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[10],"class_list":["post-80943","post","type-post","status-publish","format-standard","hentry","category-research-paper-writing","tag-writing"],"_links":{"self":[{"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/posts\/80943","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/comments?post=80943"}],"version-history":[{"count":0,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/posts\/80943\/revisions"}],"wp:attachment":[{"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/media?parent=80943"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/categories?post=80943"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/tags?post=80943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}