HLS 6040 DF7 Assignment Paper: Initial Risk Mapping

Risk Mapping
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Risk Mapping
Risk mapping helps with identifying the current state of the most critical operations in any given organization where applied (Egli, Contestabile, Waddell, Donohue, Lasky & Cosgrove et al.2013). As such it is the means to bring out the daily activities in a way that can be analyzed for complexity given the various operations. An evaluation of the method used by the author, it is clear that this can be used to predict the future events (Kaplan & Mikes, 2012). This is relative to the events encountering disruptive circumstances (Bugalla & Kallman, 2013). Every other activity and the events associated with the operations are interconnected and have certain dependencies that create a pattern. Using these patterns, it is possible to establish the future events through the trends that have been set out (Department of Homeland Security, 2016). It is possible to identify within an organization the critical elements that are supporting the various operations (Egli, Contestabile, Waddell, Donohue, Lasky & Cosgrove et al.2013). This is a relationship that can then be evaluated quantitatively and then incorporated in a real-time system or a simulation model (Ordonez, 2009).
It is for example possible to determine the various ways that the organization is going to be affected by a future financial hardship such as a recession. This relative to the fact that, there are various components of the market and those intrinsic in the organization that interact and have interdependencies (Egli, Contestabile, Waddell, Donohue, Lasky & Cosgrove et al.2013). Most of the financial institutions for example are controlled ...