Security Management and Governance l Assignment

Running Head: Security Management and Governance 0
Security
Managem
ent and
Governan
ce
August 26
201
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Security Management and Governance 1
Executive Summary
This report summarizes about the risk management process, the report is prepared by conducting
research on the east marine suppliers. With the help of the research the risk management process
is explained including with the purpose of the process in the organization. In the report the
discussion is performed over the methods which can use to develop the risk management plan for
the company. In the report the need for the contingency plan is also outlined in the organization.
Further in report set of table is also includes which are used for the assessment of the risk factors
in the organization so that after analyzing them the recommendation can be provided to the
organization.
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Security Management and Governance 2
Table of Contents
Executive Summary.........................................................................................................................1
Introduction......................................................................................................................................3
Risk Management Plan....................................................................................................................3
Method to Develop Risk management planning.............................................................................3
Contingency Plan.............................................................................................................................6
Contingency Plan for East Marine Suppliers...............................................................................7
Set of Table......................................................................................................................................9
Recommendation...........................................................................................................................10
Conclusion.....................................................................................................................................11
References......................................................................................................................................12
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Security Management and Governance 3
Introduction
The assignment is focused upon the risk management for an organization, the main aim of the
report is to develop and explain the risk management system for east marine suppliers. In the
report, the risk management plan is designed for East Marine Suppliers. Basically, the company
requested the security management plan and risk management plan for their operation and it is
the second part of the report as requested by the company. In this part the contingency plan for
the organization is designed. With the help of the different set of table the assessment is
conducted to examine the assets of company are explained. The priorities of the demand
associated with the company and methods to control the management plan are also included in
the report.
Risk Management Plan
It is the process which is used in the organization to monitor or to identify the issues or potential
risks so that the negative impact on the EMS can minimize. The potential risks include loss of
data, breaching in security, cyber-attacks, failure of the system, and natural disasters. By the help
of the risk management plan company will not only able to minimize their risk factors but also
get the guidelines to handle the risk can be determined easily (Saeidi, Saeidi, Sofian, Saeidi,
Nilashi, and Mardani, 2019). The risk is the event which is uncertain if it is rise then there would
be two outcomes either it will impact negative or there would be a positive impact can also
observe.
Method to Develop Risk management planning
The risk management plan can be developed in the following ways or through the methods
which are defined below (Willumsen, Oehmen, Stingl, and Geraldi, 2019):
i. Context
ii. Identification
iii. Assessment
iv. Risk Treatment
 Risk Transfer
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