The issues, procedures, and techniques involved in IT resource Research Paper

The issues, procedures, and techniques involved in IT resource contingency planning - Research Paper Example In this regard, a study of a sampled organization which has implemented a range of technologies is to be accomplished. The primary purpose of the investigation is to evaluate the policies, approaches, procedures, and teams which are associated to incident response and recovery. A secondary purpose of the investigation is to develop a set of the effective measures to ensure that the organization achieves business continuity after incidences with minimum incurrence of costs. As per the hypothetical case study, currently there is no business continuity, disaster recovery and incident response plans. In order to do so, there are many factors that can be taken into consideration. The first objective is to establish a risk management framework. The risk assessment framework will incorporate asset identification and classification. Asset identification can also be called as asset inventory. Asset inventory comprises of all assets that are deemed critical, important or general. After establi shing asset inventory, asset classification is carried out. Likewise, the classification scheme will be drawn, as defined by the data, system or application owners, as they are the relevant people to determine the levels for each asset. After defining the asset inventory and asset classification, our next objective is to carry out risk management. Likewise, risk management comprises of two components i.e. Risk assessment and Risk management. Risk assessment incorporates cost benefit analysis that justifies the total cost of the asset and the total cost required to protect and ensure redundancy. However, it is essential to make a balance or the total cost of an asset may not exceed the total cost required for securing it or providing redundancy. Critical questions that need to be answered for conducting a successful risk management are: Which information asset is the most critical to the success of the organization? Which information asset generates the most revenue? Which informatio n asset generates the highest profitability? Which information asset is the most expensive to replace? Which information asset is the most expensive to protect? Which information asset’s loss or compromise would be the most embarrassing or cause the greatest liability? After the completion of risk assessment, risks can be prioritized and can be managed with associated or allocated cost and their impact levels on the business. Moreover, for establishing a comprehensive business continuity plan, following factors are mandatory: Business Continuity Planning Governance Business Impact Analysis (BIA) Procedures and activities for business continuity Instant procedures Quality assurance The disaster recovery sites must ensure to meet the Recovery Time Objectives, Recovery Point Objectives Service Delivery Objectives, Crisis Opening (Disaster Declaration) and Crisis end. Figure 3 illustrates the formulation of designing and validating a BCP plan based on these parameters. Figure 3 I mage Retrieved from (Sheth, McHugh, & Jones, 2008) Furthermore, for establishing incident response functions, Computer security incident response teams are required with trained staff. Through a sampling methodology, a convenient sample will be attained from organizations which have heavily employed technology in their operations and have been affected by security incidences and breaches. Therefore a primary research methodology will be conducted to gather data and information on the approaches which the organizations selected in the sample employ in the achievement of effective response and recovery

Business Plan Assignment Example | Topics and Well Written Essays - 1250 words

Business Plan - Assignment Example The existing capacity of Protrich is not able to meet the demand for the products in its various markets. If the company is not able to expand the capacity for the existing demand and for the anticipated future demands, it will lose the market to other major competitors. Also, the Protrich need to expand as an international brand rather than confining itself to the south Indian and Middle East market. The potential markets for Protrich are China, Europe and USA. In order to compete in China, Europe and USA markets, Protrich will not only have to focus on the quality aspect but also on the cost aspect. For having an edge over the price, Protrich should adopt cost effective manufacturing. This is possible in India only up to a certain limit. Therefore, to have an even lower cost of production, it is better for Protrich to setup manufacturing unit in China. China, along with Netherlands accounts for more than 50% of the exports of white button mushrooms. China’s mushroom producti on has been in question for several times including certain countries imposing even anti-dumping measures on them. But this is mainly based on the fact that there wasn’t much notable technology being used for production process in the country. (Mushroombusiness, 2011) But Protrich being a company with all technological support for production, quality of production will never be in question. This report will analyze the benefits for Protrich to invest in China. Analysis Home Country The home country of the company is India. India as a mushroom market is not well flourished. There are very few established brands in the country. Even for the established brands, the market coverage will be limited. Retail customers are mainly from the upper middle class and above. Even for them, mushroom is not a frequent item on the dining table. But there is huge demand from hotels and restaurant chains. This is the customer group from which Mushroom companies have a steady demand. Dominos Pizz a and US Pizza has been the customers of Protrich for six years and four years respectively. Apart from these established brands, there are also many other mediocre restaurant chains who are frequent customers of Protrich. Protrich’s major market is the southern states of India such as Kerala (the company’s home state), Karnataka, Tamil Nadu and Andhra Pradesh. Protrich’s products are available only in the major cities of these states. It is not distributed widely to include the smaller towns because there is very less demand in the smaller towns and cities. Even in the cities, the products will be available only in supermarkets. Protrich enjoys third position in terms of market share. The market leaders are Best Mushroom Limited and Mushroom India Limited. Protrich is almost at par with the market leaders in terms of the brand value. In the UAE market all the three brands are very popular. The advantage of current expansion move of Protrich is that it will be a ble to gain market share over the other two. Neither Best Mushroom nor Mushroom India has a market presence in Europe and USA. At this point, if Protrich is able to provide the market with quality products, it will be advantageous for the company in terms of brand value and market share. Host Country The potential host markets of Protrich are China, Europe and USA. Among these, foreign direct investment will be made by Protrich in China where it intends to setup the manufacturing units. The analysis will be based on the