Resiliency scoring for business continuity - Myassignmenthelp.Com

Question: Discuss about the Resiliency scoring for business continuity. Answer: Introduction Information about VP Bank VP Bank was founded some 60 years back in the year 1956 and it was established in Liechtenstein. Guido Feger founded the VP bank for taking the first step alongside the development of the operations. The starting phase of the VP bank followed aspiration mindset for the modification of the processes. The bank has been committed to competence and deployment of the activities. The bank had become one of the most renowned banks of the world and their international operations would be aligned to the development of the activities that are aligned to their objectives. Project Details The project is developed for the alignment of the specific system development and operations of VP bank. The project is implied for forming a retreat plan for the alignment of the specific activities of the project. The project would result in forming the specific plan for the development of the operations and activities. VP bank had decided to take their team members for a 3-day trip to Bali, Indonesia. The trip would result in forming the refreshment among the team members for boosting their performance and developing improved functions within the organization. The project is implied for the successive development of the activities that would comprise of developing the plan for the retreat and the alignment of the improved operations. The retreat would be developed for encouraging the bank employees and taking a break from the day to day activities of the project. The project is formed for analysing the various activities of the project integration and the alignment of the plan for forming the retreat activities of the project. The project had formed a retreat plan for the alignment of the specific activities of the project. The project has been forming the specific plan for the development of the operations and activities. Objective of the Project The project was formed for the development of the specific project plan for the modification of the project plan so that VP bank can successfully deploy improved operations in the project. The formation of the activities would align the deployment of the proper system development. The objectives of the project are To develop a specific plan for the development of the operations and carrying out the pan for the alignment of the smart activities To ensure that all the activities of the project would be implied for successful completion of the retreat plan made for VP bank Scope Statement The VP Bank's Retreat Plan to Bali, Indonesia project would be completed for the development of the improved operations. The improvement of the activities would be implied for forming the management of the operations and it would form the analysis of the operations and alignment of the activities and alignment of the operations. The in-scope items of the project are the project plan, alignment of the operations for retreat, and successful deployment method for implication of the operations. The project scope statement would be implied for implication of the properties and modification of the program for the alignment of the operations of the project. Deliverables The project of retreat plan for VP bank is developed for the developing a retreat plan for the members of the bank and the effective alignment of the operations. The project would comprise of tangible and intangible commodities made for the project. The tangible objects like budget estimation, plan documentation, List documents and tickets are the deliverables of the project. The intangible objects like booking of hotel room and site seeing in different places are also the deliverables of the project. The project deliverables along with schedule dates are given in the table below, WBS Task Name Duration Start Finish 1.1.3 Budget Estimation 2 hrs Mon 1/1/18 Mon 1/1/18 1.1.4 Complete Plan Development 2 hrs Mon 1/1/18 Mon 1/1/18 1.2.1 Making list of members 3 hrs Tue 1/2/18 Tue 1/2/18 1.2.2 Ticket Booking 1 hr Tue 1/2/18 Tue 1/2/18 1.2.3 Hotel Room booking 2 hrs Tue 1/2/18 Tue 1/2/18 2.1.9 Site Seeing at Mount Batur 1 hr Wed 1/3/18 Wed 1/3/18 2.2.2 Site Seeing at Bali Safari and Marine Park 2 hrs Thu 1/4/18 Thu 1/4/18 2.2.5 Site Seeing at Bali Volcano 2 hrs Thu 1/4/18 Thu 1/4/18 2.3.2 Enjoying at Circus Water-park 1.5 hrs Fri 1/5/18 Fri 1/5/18 Milestones S. No. Task Name Duration Start Finish M1 Goals and Objectives are set 2 hrs Mon 1/1/18 Mon 1/1/18 M2 Complete Plan Development 2 hrs Mon 1/1/18 Mon 1/1/18 M3 Conveying schedule of the trip 2 hrs Tue 1/2/18 Tue 1/2/18 M4 Landed at Bali Airport 2 hrs Wed 1/3/18 Wed 1/3/18 M5 Site Seeing 1 hr Wed 1/3/18 Wed 1/3/18 M6 Sight Seeing on 2nd day 1 day Thu 1/4/18 Fri 1/5/18 M7 Sight Seeing on 3rd day 0.44 days Fri 1/5/18 Fri 1/5/18 M8 Arrival at Singapore Airport 2 hrs Fri 1/5/18 Fri 1/5/18 M9 Retreat Project is Completed 0 days Mon 1/8/18 Mon 1/8/18 Technical Requirements The technical requirements of the VP Bank's Retreat Plan to Bali, Indonesia project are given in the table below, Requirement name Why it is required Computer with Internet Facility The computer with internet facility would help in searching for any information required. Telephone/Email/Messaging Serves as the communication medium in the project operations Travelling Car/s Conveyance for reaching to Singapore Airport, hotel, sites, Bali Airport, and then to home. Passports and Visa Allow the passengers to board flights and travel to different country with the permission from the government Guide/Map Helps in travelling/site seeing to various places at Bali Limits and Exclusions of the project Limits The project of VP Bank's Retreat Plan to Bali, Indonesia is formed for integrating the improvement of the operations and formation of the support and development. The limits of the project is given below, Cost: The project has a fixed budget of $5,000.00 and the overall cost of the project cannot pass this amount of money. The budget of $5,000.00 includes expense of Air Tickets of price $1,200, expense of Hotel of price $925, expense of Land Transport of price $250, expense of Food Beverages of price $525, expense of Shopping of price $2,000, and expense of Insurance of price $100. Time: The project is bounded by a time limit of 5 day with 3 days trip for Bali, Indonesia and since the flight tickets have been booked prior, there is no scope for delay of the project activities. The 3 day trip has been divided into hourly time schedule as it would allow them to come back in scheduled time. Exclusions The project excludes the communication plan and risk management plan as the schedule is very tight and there is no scope for the implication of changes in the project. Review with customer The project of VP Bank's Retreat Plan to Bali, Indonesia is a trip plan that can be reviewed in terms of the employees motivation and enjoyment. The trip was organized for ensuring that the employees of the VP bank would get the benefit of mind fresh after the completion of the trip. The alignment of the activities would form the deployment of the activities and formation of the improved operations. The employees would be motivated and the review can be achieved by the help of questionnaire and survey forums. Project Priority Matrix and Justification Time Scope Cost Constraint X Enhance X Accept X Table 3: Project Priority Matrix The project priority matrix has been made by considering the factors of time, scope, and cost in terms of constraint, enhance, and accept. The project of VP Bank's Retreat Plan to Bali, Indonesia comprise of time as a constraint factor, scope as an enhancing factor and cost as an acceptable factor. The time is fixed as all the flights and hotel bookings have been done and the bank employees have to rejoin the office after 3 days of trip. Work Breakdown Structure Project Cost Estimation and Time Phased Budget Cost Estimation Cost Estimation for Holiday Plan S. No Description Amount 1 Air Tickets $1,200 2 Hotel $925 3 Land Transport $250 4 Food Beverages $525 5 Shopping $2,000 6 Insurance $100 Total Budget $5,000 Time Phased Budget Bibliography Caruana, A. (2016).A business continuity plan maturity index: a comparative study of Maltese licensed financial services firms(Bachelor's thesis, University of Malta). Cook, J. (2015). A six-stage business continuity and disaster recovery planning cycle.SAM Advanced Management Journal,80(3), 23. Henderson, C., Klimas, J., Dunne, C., Leddin, D., Meagher, D., O'Toole, T., Cullen, W. (2014). Key performance indicators for mental health and substance use disorders: a literature review and discussion paper.Mental Health and Substance Use,7(4), 407-419. Hills, M. (2016). Being resilient: business continuity principles for vetinary practice.In Practice,38(10), 484-486. 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