Readying a Company for a Catastrophic Event
A Template for Success
by
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Excerpts from the book:
Rating and ranking critical assets
Critical assets first need to be rated for each type event, to know their relative operational/business value for recovering from and event. From rating values, the items can be ranked for deciding the order in which they need to be restored, replaced, repaired, etc. Major parameters for rating asserts are probability of the risk occurring, the vulnerability of the asset to the event, and the business and operational impact from the loss of an asset.
A means to determine a rating factor considering frequency, vulnerability, and impact is:
R=pv(bl+$r+tr) …………………………………..(2)
where,
R is the rating factor p
p ranges: 4=0.7-1, 3=0.4-0.7, 2=0.1-0.4, 1=>0-0.1 v is the vulnerability of the asset to the event: high=3, moderate=2, low=1 bl is business loss 4=>x
$r is the dollars to recover 4= or > y
tr is the time to recover 3= or >z
A convenient way to record the results is shown in Table 5.
If other parameters need to be considered, such as time and cost to mitigate the vulnerability, then either equation 2 will need to be modified or a new relationship derived. The revision of equation 2 could take the form,
R
where,
WT
WC
Pre-event costs, or readiness costs (“Get Ready” costs), are dynamic in that they will change in time. Generally speaking, major cost items are:
·
Supplies needed for the response to an event·
Facilities needed to store the supplies·
Maintenance of supplies and plans, such as response, and recovery·
Replacement of obsolete equipment and supplies, which includes shelf-life item
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About the Book
Disasters are possible -- maybe inevitable. Although their consequences may be uncontrollable, the effects are, to some extent, and in many cases, quite controllable, if proper attention is given to planning for a disastrous event. An organization cannot necessarily depend on help when a disaster strikes. It must be prepared to tackle the disaster on its own. This is especially true if the event is area wide, regional, or national in scope. This book essentially is a stand-alone publication that provides the “how to” ready an organization for a catastrophic or lesser event. It is a template for an organization to internally develop in a cost-effective manner a plan to cover prevention techniques to minimize potentially adverse consequences from a disastrous event; how to prepare for an event, such as, planning, training personnel, and acquiring and maintaining the supplies and information that will be crucial in responding to and handling a crisis event, as well as recovering from the event. Strategic methods are given on these processes, whether the event is natural, technological, or man-made. The disaster management system is defined through its seven principal tools. Numerous examples are given to facilitate a better understanding of the disaster management system. Required teams and task forces are identified, as well as internal and external information that may be needed, Guidelines are given for determining an organization's critical assets; determining their vulnerability and rating and ranking critical assets. Other areas covered include pre- and post-financial issues; impact determination; fiscal analyses and decisions needed to be made (pertinent questions to be asked) in order to make prudent decisions); organizational areas of concern (legal, security, HR, business, etc.); incident and crises responses to be undertaken; plans to be developed; training of personnel; recovery and closeout operations; tabletop exercise scenarios; and much more.
About the Author
The author Paul C. Constant, Jr. has over 61 years of experience in the scientific research business, managing large, complex, multi-discipline, and long-term programs; directing engineering operations; and leading teams in the disaster management area. He is the author of nearly 100 technical paper and book publications, technical paper presentations, and technical reports in the fields of disaster management, engineering, mathematics, management, and quality assurance. His more recent management experience includes the disaster management process, having worked in the development of disaster plans and the processes for disaster prevention and preparedness, incident and crisis responses, and recovery from various types of disasters. He has conceived of new effective and efficient means to accomplish complex tasks in the disaster management area. He is a retired professional engineer in the states of Missouri and Kansas. He has been a member of engineering and mathematical technical societies. He is the recipient of numerous honors and awards. He is a veteran of WW II serving overseas as an officer in the U.S. Army Signal Corps 58