Risk One: Global Political Instability
Description:
As a global business, The Company travels to various countries where the political climate is not as stable as in the US. Should a State where The Company does business experience instability, it may become difficult to continue operations.
Owner:
The CEO would make the decision on whether to send staff or not to events in those places.
Source:
The source of political instability is hard to identify. One source is dissatisfaction of the people with the treatment they receive by their government. Governments that do not respect their citizens invite rebellion.
Likelihood of occurrence:
Medium: Several of the countries where The Company does business fall within the areas affected by the Arab Spring. As such the likelihood of some event happening is not unexpected.
Severity of Impact:
Medium: Should this event occur, program staff may not be permitted to travel to these places which could impact renewal rates for members in those countries.
Controllability:
Low: As a private, non-State entity, The Company has little control over the internal politics of a country. All the Company can do is ensure that it is complying with all local laws and are aware of the local customs and formalities.
Risk response:
Risk One: Political Instability – The Company will work to develop strong relationships with members of the host country and in countries where there is a risk, The Company will have a plan for evacuating staff in the event it is needed. The Company will make certain that all staff traveling outside the U.S. have all paperwork (e.g. passports, etc.) and are familiar with the American Consulate staff and location.
Risk Two: Power Outage
Description:
The Company hosts its own website, has various electrical devices (printers, computers, Wireless Access Points), and needs lighting to do its job. Should the power go out, these tasks can’t be performed.
Owner:
The Associate Director is the liaison between The Company and its various utility vendors. The Systems Administrator is responsible for ensuring vital equipment is protected with adequate battery backups.
Source:
Weather is a big factor in The Company’s area and there are seasons of inclement weather including tornados, blizzards, and flash flooding. Each of these has the potential to interrupt power to the building where The Company is located.
Likelihood of occurrence:
Medium: During the Spring, the area experiences frequent storms with the ability to produce tornados. During the Winter, snow fall has the ability to interrupt utility service to the building.
Severity of Impact:
Medium: Should this event occur, program staff may not be permitted to travel to these places which could impact renewal rates for members in those countries.
Controllability:
Low: As a private, non-State entity, The Company has little control over the internal politics of a country. All the Company can do is ensure that it is complying with all local laws and are aware of the local customs and formalities.
Risk response:
The Company will invest in battery backups for all business critical hardware such as servers, switches, workstations, printers, and phones. For extended outages, The Company will contract with a local equipment rental supplier to obtain a generator to provide power until the event has been resolved
Risk Three: Equipment Theft
Description:
The Company staff travel frequently to direct the various programs operated by The Company. While travelling, they are exposed to the possibility that someone will steal any or all of the equipment taken to support the program.
Owner:
It is the requirement of the travelling staff member to take steps to ensure the smallest opportunity for theft of equipment. It is the Associate Director’s responsibility to arrange for replacement equipment to be authorized and shipped or procured on-site by the staff member.
Source:
People steal things for all sorts of reasons, need,
