What is contingency planning? how is it different from routine management planning?
 Show
Chapter 4, Problem 11RQ Explanation of SolutionContingency plan:A contingency plan is a plan of action used to help the organization efficiently for the significant future situation or event that may or may not occur.It is a component of risk management, disaster recovery and business continuity.It is also planned for recovering from actions that threaten the information resources in the organization and security of information and to give the successive restoration to regular modes of business operations.Difference between contingency plan and routine management planning: Contingency plan Routine management planning Contingency plan includes a set of techniques planned to find and minimize risks, mostly by arranging for the unexpected. Routine management planning is prepared to keep the business by recognizing the risk. These models apply to IT, business, personal and other situations...Chapter 4 SolutionsPrinciples of Information Security (MindTap Course List) Contingency planning is an all-encompassing term meaning making preparations for uncertain future situations (i.e. what we do is literally contingent - depends upon - the situation that actually unfolds). It comprises a suite of techniques designed to identify and minimise risks, largely by preparing for the unexpected. Contingency planning concepts apply to business, IT, political, personal and other situations. Air bags in a car are an example of a contingency measure, while specifying and mandating the use of air bags demonstrates contingency planning. Routine management planning: means preparing to keep the business by identifying risks. Critical business processes are identified and arrangements made to ensure any associated IT services, suppliers etc. are sufficiently resilient and/or have effective Disaster Recovery plans. Critical functions/processes with the IT department typically include IT and network operations plus help/service desk: these typically deserve their own continuity plans. When is the IR plan used? Get answer to your question and much more 8.When is the DR plan used? Get answer to your question and much more 13.When is the BC plan used? How do you determine when to use the IR, DR, and BC Get answer to your question and much more Get answer to your question and much more Recommended textbook solutionsHuman Resource Management15th EditionJohn David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine 249 solutions Human Resource Management15th EditionJohn David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine 249 solutions
Operations Management: Sustainability and Supply Chain Management12th EditionBarry Render, Chuck Munson, Jay Heizer 1,698 solutions
Information Technology Project Management: Providing Measurable Organizational Value5th EditionJack T. Marchewka 346 solutions What is contingency planning?A contingency plan is a course of action designed to help an organization respond effectively to a significant future incident, event or situation that may or may not happen.
How contingency planning is different from strategic planning?In effect, a strategic contingency plan provides a map for any possible future unknowns while strategic planning charts the overall course and direction a business will take.
What is contingency planning explain it with an example?Contingency plans might involve purchasing insurance policies that pay cash or a benefit if a particular contingency occurs. For example, property insurance might be purchased to protect against fire or wind damage.
What is contingency planning and why is it important to managers?“The purpose of any contingency plan is to allow an organization to return to its daily operations as quickly as possible after an unforeseen event. The contingency plan protects resources, minimizes customer inconvenience and identifies key staff, assigning specific responsibilities in the context of the recovery.”
|
