Risk Management

Risk Management

3.1 Vulnerability of organization to break
continuity
 Some circumstance which can break continuity of business process of Equitable
Funding Ltd., are : personal security, physical and environmental security, system
development and maintenance etc
 Vulnerability is assessment will help to identify various vulnerabilities in organist ion
and will help to manage them properly.
 Physical security
 Insufficient trained personnel
 lack of security awareness
 Use of outdated or poor software
 Inadequate recruitment process

3.2 Approaches to crisis management and business
continuity planning
 The situational crisis communication theory : As per this theory Equitable funding ltd.,
should react strategically to the crisis situation. This theory is audience oriented theory.
 Second is Issue management theory : The capacity to understand coordinate, direct and
policy making functions, and all public relation skills etc. Therefore company can also
make use of this theory in order to manage and formulate policies.
 Tactical approach : According to this approach helps in analyzing that what steps
needed to be taken in order to avoid crisis which will help company to analyze various
factors of risk and managing business successfully