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Risk Management Plan – Risk of failure in Security Systems

   

Added on  2022-08-13

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Risk Management Plan – risk of failure in Security systems in expo
2020
Table of Contents
Risk Management Plan – risk of failure Security systems in expo 2020..........................................1
Introduction.................................................................................................................... 2
Project overview.............................................................................................................. 3
Problem statement........................................................................................................ 5
Risk Management Plan...................................................................................................... 5
Risk identification......................................................................................................... 6
Risk analysis and evaluation............................................................................................ 9
Risk evaluation and prioritization..........................................................................11
Risk mitigation.......................................................................................................... 12
Conclusion................................................................................................................... 14
References................................................................................................................... 14
Risk Management Plan – Risk of failure in Security Systems_1
Introduction
For an organization to realize its goals and missions or for an event within an organization to achieve
success, the management has to identify and control the risks. The identification, mitigation and control
of the risks are components of risks management system for any organization. The success of the risk
management system used by an organization in day to day operations or for a particular event depends on
how efficient the system in terms of identifying the risks and controlling the risks. An elaborate risks
management system can also enhance the financial integrity and image of company. The engineering
management system must be able to keep the risks under acceptable standards or eliminate the risks
completely.
There are various methods or risks management systems for managing the risks and they have different
cost implications. Risk management is the process involving the identification, assessment, mitigation and
control of the risks that are faced on daily basis. Risk identification and assessment is a continuous
process. The mitigation measures taken to address the risks will depend on the risk level. There are some
risks that have a great impact on the operation and running of an organization or the success of an event.
These risks will involve elaborate and comprehensive mitigation mechanisms compared to risks with
relatively smaller impacts. The risks level is defined by both the probability of occurrence of the risks as
well as the impact the risks have. The control tools and devices used for monitoring the risks can vary
from one company to another. The control tools are affected by the organizations structure, infrastructure
and resources. The management will have to ensure that the resources are properly utilized in the bid to
achieve objectives and goals. The tools for identifications and monitoring should be should be easy to
use by those involved and they must be able to be used for a long time to capture all risks that the
organization may be exposed to.
Although there are particular departments or sections within the organization that are normally tasked
with managing risks, the whole staff must be involved in one way or another. Involving all the staff in
identification and other stages of risks management can bear good results as opposed to setting up a
section to look at risks and device the measures of controlling and managing risks. The management of an
organization plays a significant role in risks management by setting decisions that address the risks and
mitigate. The management can also see trends in risks management and hence initiate action oriented
decisions. Overlooking risks within an organization or failing to take prompt mitigation measures have
really affected the running and realizations of the company objectives. In other cases, it has led to the
failure of some organizations. Hence this shows how serious the issue of risk management must be taken
by organizations which intend to realize the missions and visions (Abbas, 2017). Analysts have
Risk Management Plan – Risk of failure in Security Systems_2
concluded that it is better to manage risks than cover the costs due to risks because these risks can results
in the collapse of the organization.
Project overview
This report is about the project risk management for Dubai EXPO 2020. This is a big event that
will take place in Dubai and hence there are a number of risks that will have to be managed in
order for the expo to be successful. Risk management for an event can be very challenging just
as much as risk management in an organization. The Dubai 2020 expo risk management include
activities like identification of risks, assessing the risks, mitigating the risk, controlling and
monitoring the risks. This being an international event, the 2020 expo will in itself comprise of
many activities including transport services, commercial services, security, administration,
recruitment for different works, public address, catering services, photography, media services
and forex exchange services among other services (L. Zhan & Yaochen, 2016). The activity
that is very crucial among those that will be taking place at the expo is the security services.
This project report is about the risk of security at the expo. The systems engineers are tasked
with coming up with security system that will be able to monitor any activity at the expo that
may breach the security of others. Since the security issues is not an independent activity but
involves all those at the expo, the security becomes a crucial segment of the project for the
success of the expo. Security is like the glue for all the other activities that will be taking place
during the event. Hence the security system developed by the systems engineer must be very
efficient and comprehensive in capturing data related to security, alerting promptly the
concerned parties of dangers.
The event organizers and stakeholders will ensure that the issue of security is properly handled
for the success of the event and hence they will organize and support all the security agencies
that will be handling matters security. The main custodial for providing the security of the people
at the event will be the Dubai police. The Dubai police are given the mandate of providing law
and order in the country and during any public event like this. In this case however, the security
will also be provided by other agencies and international security will be provided to ensure that
the security of international traders is paramount. Hence the security system developed by the
systems engineer will greatly contribute towards the security of the people before, during and
Risk Management Plan – Risk of failure in Security Systems_3
after the event is over. The success of the security system designed will depend on the
cooperation of the multi security agencies at the event.
The security system will help in data collection and sharing among the relevant agencies for
action to be taken. The Dubai police and other security agencies will have to be trained on how
to use the system before launching the system for use. Although there are risks that will still be
faced even during the implementation of the security system. Some of the risks identified are the
IT system failure, acts of terrorisms, poor coordination between staff and the security agencies
among others. Although the Dubai police have been touted as being effective when it comes to
handling crowds, maintaining law and order and having the best training in the world with
advanced security facilities, a crowd that is expected to be at the Dubai EXPO 2020 could pose
challenges even to the best security agencies in the world. Hence the security system will have to
be understood by the security agencies on how to use it in order to achieve the success of the
EXPO.
There are risks due to the security system that will be applied as well as the risks due to the
stakeholders and shareholders that will be using the system. The system will provide an
interphase for networking with other security systems that are already in use and the current
technology. There are many factors out there that could pose dangers to the operation of the
system and hence affect its viability. These factors can also be termed as risks on the system and
they include cyber-attacks, malwares, hacking, routers and other technological malpractices that
could render the system unusable. The system engineers are tasked with designing a system that
should overcome these challenges in order to achieve security of those at the EXPO 2020.
The security system will work by collecting data. The data will then be normalized into
languages that can be understood and interpreted for action. The data is then enriched by adding
information known to the public and those from the data bases collected before. At this stage, the
data will then be scanned for the next stage. After enriching the data, the data is scanned and
relationships with other information from the database are established. The correlated data is
prioritized for action and recommends the appropriate action to be taken. The signals are sent to
relevant organs for actions and for security measures to undertaken. The reporting of the
information by the system is through emails or quick messages and activity reports.
Risk Management Plan – Risk of failure in Security Systems_4

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