Risk Assessment (Individual)Instructions This is the first individual assignment that will start to inform your phased group activity. Using the business scenario information provided by your instructor, each member of the group will identify and prioritize four critical business processes for each business area and perform a risk assessment following the Risk Assessment Form provided by the instructor and as identified by further research.What is a business area in this scenario? Marketing, Human Resources, Payroll, etc. You are to list these (and you can use your own names or labels), then identify four critical business processes for each area.  For example:Accounting:         Creating billing invoices         Management company financial assets         Producing financial reports         Collecting customer payments After laying out those 4 processes (these are just examples), you will then work through the matrix. Without this, it is hard to just take a generalized business area and provide mitigation steps.  So, on your risk assessment spreadsheet, please ensure that you state the business areas and then provide 4 processes for each of these areas. You will then assess the risk for each of the four processes as you traverse across the matrix.First, take time to read the business scenario that is provided as part of your assignment instructions. You want to look at it from the perspective of identifying business areas and business processes. So, just what does this really mean?I’m referring to the concept of a business area and a business process. For example, payroll is a business area, and “issue paychecks” is a business process. So, what is a business area in this scenario? Marketing, Human Resources, Payroll, etc. You had to list these (and you can use your own names or labels) and then identify four critical business processes for each of these areas. You will then do your best to fill out the spreadsheet and you will want to take a look at the risk management guide for help. Also, please refer to  an “example of risk assessment for consideration” to help guide you.This assessment will be submitted to each individual’s Assignments folder.Due Date Mar 26, 2017 11:59 PMAttachments RiskManagement_guide.doc (29.5 KB)   BCP-DR Project Scenario and Rubric.docx (19.45 KB)   Risk Assessment ExerciseTemplate.xls (29 KB)   Example of Risk Assessment for Consideration.xlsx (10.14 KB)   Download All FilesHide RubricsRubric Name: Risk Assessment – Individual       CriteriaFar Above StandardsAbove StandardsMeets StandardsBelow StandardsWell Below StandardsBusiness Areas and Processes30 points27-30Business Area is well defined and appropriate to  the case study. Four critical processes per business area are clearly explained and correctly relates to the case study. Demonstrates a sophisticated level of understanding of course concepts, analysis, critical thinking, and synthesis. 26 points24-26 Points Business Area is well defined and appropriate to  the case study. Four critical processes per business area are clearly explained and correctly relates to the case study. Demonstrates an above-level understanding of course concepts, analysis, critical thinking, and synthesis.23 points21-23 Points Business Area meets standards and appropriate to  the case study. Four critical processes per business area are clearly explained and are adequate as they relate to the case study. Demonstrates an average understanding of course concepts, analysis, critical thinking, and synthesis.  20 points18-20 Points Business Area does not meet standards and critical process areas are not sufficiently explained nor do these map well to the business area and case study. May contain  less than four critical business processes and are not clearly explained. Demonstrates a below-level understanding of course concepts, analysis, critical thinking, and synthesis.0 points0-8 Points Business area and associated critical processes are not complete or little effort is demonstratedRisk Assessment30 points27-30  PointsThe risks for the business area and four critical process areas are very well defined and appropriate to the case study. Description, Likelihood of Occurrence, Impact intensity and Existing Measures are clearly explained and demonstrates a sophisticated level of understanding of course concepts, analysis, critical thinking, and synthesis.26 points24-26The risks for the business area and four critical process areas are well defined and appropriate to the case study. Description, Likelihood of Occurrence, Impact intensity and Existing Measures are clearly explained and demonstrates an above average level of understanding of course concepts, analysis, critical thinking, and synthesis.23 points21-23 PointsThe risks for the business area and four critical process areas are adequate and appropriate to the case study. Description, Likelihood of Occurrence, Impact intensity and Existing Measures meet standards and and demonstrates an average level of understanding of course concepts, analysis, critical thinking, and synthesis.20 points18-20 PointsThe risks for the business area and critical process areas are inadequate and/or not appropriate to the case study. Description, Likelihood of Occurrence, Impact intensity and Existing Measures are below standards and does not demonstrate an understanding of course concepts, analysis, critical thinking, and synthesis.0 points0-17 PointsThe risks for the business area and critical process areas are incomplete, not well defined, and do not demonstrate an understanding of course concepts; little effort noted. Mitigation Strategy30 points27-30 PointsThe Mitigation Strategy, Additional Measures, and Contingency Plan for the risks identified and mapped to the business area and four critical processes are very well defined and demonstrates a very high level of understanding of course concepts, analysis, critical thinking, and synthesis.26 points24-26 PointsThe Mitigation Strategy, Additional Measures, and Contingency Plan for the risks identified and mapped to the business area and four critical processes are  well defined and demonstrates a high level of understanding of course concepts, analysis, critical thinking, and synthesis.23 points21-23 PointsThe Mitigation Strategy, Additional Measures, and Contingency Plan for the risks identified and mapped to the business area and four critical processes meet standards and demonstrates an average level of understanding of course concepts, analysis, critical thinking, and synthesis.20 points18-20 PointsThe Mitigation Strategy, Additional Measures, and Contingency Plan for the risks identified and mapped to the business area and critical processes are not well defined and fall below standards. Does not demonstrate an appropriate level of understanding of course concepts, analysis, critical thinking, and synthesis.0 points0-17 PointsThe Mitigation Strategy, Additional Measures, and Contingency Plan for the risks identified and mapped to the business area and critical processes are incomplete, missing and demonstrates a well-below level of understanding. Little effort noted. Format10 points9-10 PointsSpreadsheet reflects effective organization and follows instructions provided; uses correct structure, grammar, and spelling; presented in a professional format. Conveys the information in a very concise, clear manner.8 points8 PointsSpreadsheet reflects effective organization; follows instructions provided; has few errors in grammar, and spelling; presented in a professional format. Conveys the information in a concise, clear manner. 7 points7 PointsSpreadsheet meets standards for organization; may have some errors in grammar and spelling. Adequately conveys the information. 6 points6 PointsSpreadsheet is not well organized, and/or contains several grammar and/or spelling errors. Doesn’t adequately convey the information. 0 points    0-5 Points Spreadsheet is extremely poorly written, has many grammar and/or spelling errors, or does not convey the information.Overall ScoreFar Above Standards90 or moreAbove Standards80 or moreMeets Standards70 or moreBelow Standards60 or moreWell Below Standards0 or more      Submit FilesFiles to submit (0) file(s) to submitAfter uploading, you must click Submit to complete the submission.Add a FileRecord Audio Comments Skip Toolbars for Comments.More Insert actions.Format Paragraph Address Preformatted H1 – Heading 1 H2 – Heading 2 H3 – Heading 3 H4 – Heading 4 H5 – Heading 5 H6 – Heading 6 Show All ComponentsSubmitCancel