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BSBCON601 Develop And Maintain Business Continuation Plans

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BSBCON601 Develop And Maintain Business Continuation Plans

0 Download4 Pages / 754 Words

Course Code: BSBCON601
University: Tafe NSW

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Questions:
Why are these topics, methods, practices, or procedures necessary for Wash Disaster’s business? What method would you use to facilitate training? How would the method help the organization and its disaster recovery team?
 
Describe the rehearsal and training strategy you would employ. What type of current or ongoing support will you provide the client? Why is this necessary?Be creative with selling your company, but remember you must support your pitch with academic and reputable industry resources.
Answers:

XMY Disaster Recovery Planning and Training Services
Over the years, our brand has supported the development and growth of businesses in the region. Known for outstanding performance on startups and mature companies our approach is result oriented. XMY services include business impact analysis of the critical functions, processes and resources. We specialize in identification, testing, evaluation and prioritization of company risks through concrete solutions. Research confirms that risk management stimulates and encourages business growth through innovation (Culp, 2013).
We have closely analyzed the current Wash system and we were able to identify existing and potential risks that the company faces. As a result, we have explored solutions to these problems and we feel confident that we can make a considerable contribution. My team includes competent business strategists, trainers, accredited consultants and IT specialists. These are experts who are able to create preventive systems that deal with potential threats within the business spheres (De Mel, McKenzie, & Woodruff, 2014).
We enable our clients to gain a competitive edge in its industry to become a reputable company. Through careful structuring and improved strategies we provide flexible terms and we work with speed to deliver success in a complex business environment. What services do we offer? We analyze the root causes for training in existing and potential threats that the company faces. We have training in the following, legal risks, supply chain system, infrastructural risks and operation risks. We influence a number of industries and we have worked with the technology, industrial, engineering, financial, human resources and public health and general safety.
XYM handles different organizational needs in critical areas such as the business security system, machinery, IT computer systems, company network systems, personnel management and megaproject (infrastructural analysis). Our disaster management plan includes risk analysis; management and implementation plan (Goetsch & Davis, 2014). This ensures a comprehensive approach for quality output and feedback mechanisms. Our company undertakes these through different procedures. We test, implement within international and business standards for risk management. This covers the organizational objectives through the defined framework.  We are also keen on the financial impact of the training plan because this method balances the company costs and benefit (Eccless & Serafeim, 2013).
Who are our competitors? We are a leading national and regional company. Our competitors include global companies leading the region. We have a reputation of being the most cost effective in efficiency. Who makes up XYM? Our team includes qualified trainers, facilitators, expert analysts, business developers and consultants.  This is through different training tasks in business design, risk control, management of potential threats and modification of existing risks. We also have training on risk transfer and prevention. Training methods and practices used include engaging clients by facilitating, definition of uncertainties and consequences.
XYM identifies risks, threats to risk management, assessment of vulnerable areas, risk reduction strategies, prioritization of high risk potentials. These are beneficial to the Wash Disaster Recovery preparedness and business research implementation (Zikmund, babin, Carr, & Griffin, 2013). How does XYM carry out rehearsals and training? Our rehearsal takes into consideration the principles of the organization and industry expectations. We adhere to standardized approaches for risk management, value based addition and stakeholder decision making. We use a systematic approach that encourages participation and customized processes.
Currently our organization facilitates for strategic business function, recover and support services which will provide as an additional package. This is critical because of the underlying high risk business uncertainties which contribute the downfall of many companies (Hill, 2015).  Through testing exercises we enable companies to adopt the best strategy, designed specific for each company. 
Bibliography
Culp, S. (2013, January 7). Risk management can stimulate rather than deter innovation. Forbes. Retrieved from: https://www.forbes.com/sites/steveculp/2013/01/07/risk-management-can-stimulate-rather-than-deter-innovation/#935154350d30
De Mel, S., McKenzie, D., & Woodruff, C. (2014). Business training and female startup, growth and dynamics: Experential evidence from Sri Lanka. Journal of Development Economics, 199-210. Retrieved from: https://doi.org/10.1596/1813-9450-6145
Eccless, R. G., & Serafeim, G. (2013). The perfomance frontier. Harvard Business Review, 91(5), 50-60. Retrieved from: https://hbr.org/2013/05/the-performance-frontier-innovating-for-a-sustainable-strategy
Goetsch, D. L., & Davis, S. B. (2014). Quality management for organiztaional excellence. Upper Saddle River, NJ: Pearson. Retrieved from: www.m5zn.com/newuploads/2015/03/06/pdf/5de5a3408f57150.pdf
Hill, A. (2015, March 15). Wanted: Flexible corporate strategioes for fast times. Financial Times. Retrieved from: https://www.ft.com/content/81f5bd8e-cd65-11e4-9144-00144feab7de
Zikmund, W. G., babin, B. J., Carr, J. C., & Griffin, M. (2013). Business Research Methods. Cengage Learning. Retrieved from: aglow.edu.pk/documents/BusinessResearchMethodsbywilliam.pdf

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