Assessment 1 – Project Business continuity is identifying all potential risks, determining the most appropriate risk management strategy, implementing the strategy and continuously monitoring the risk management strategy to ensure continued effectiveness. You must accurately reference all of your external sources of information. Task 1 You have been appointed the Chief Financial Officer for a large manufacturing organisation. As part of this role you need work collaboratively in consultation with all key stakeholders to design and develop the business continuity management framework. To complete this first project you need to address each of the following elements: Outline your plan to achieve support for the business continuity management framework from relevant personnel Demonstrate clear sponsorship, responsibility and accountability for business continuity management framework Working collaboratively and in consultation, determine the governance structures for business continuity management framework Communicate effectively with key stakeholders in order to gain approval for resources required to implement business continuity management framework Provide an environment that supports relevant personnel to implement business continuity management framework Design and develop a management system for organisation’s business continuity management program Discuss in detail who you will need to seek approval for the organisation’s business continuity management framework Task 2 Now that you have established the business continuity management framework you must now continuously monitor every aspect to ensure continued compliance. For this next task you will need to address the following elements: Design and develop a timeline with milestones for monitoring business continuity management framework Communicate with key stakeholders the dates for the milestones that the review process for business continuity management framework will occur Design and develop through consultation and collaboration the benchmark that will used to analyse performance Consult with relevant personnel about the implementation of business continuity management framework Outline why it is vital to monitor business continuity management framework learning, development and exercises across organisation Task 3 Thirdly the most important part of this strategy is the review process for your business continuity framework. You must achieve a consensus with key stakeholders on what the most appropriate strategy will be to address areas of learning and development, communication and frequency of audits. In this third and final task you will need to address the following elements: What methods you will employ to review and analyse reports on business continuity management framework learning and development exercises Why is it vital to review and analyse the organisation’s communication strategy and implement changes Monitor the overall business continuity management framework activities, processes, plans and resources according to results pre- and post-activation Analyse and integrate organisation’s business impact assessment/s and identify dependencies and interdependencies if applicable Implement and conduct business continuity management program audits
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