DEFINE Contingency planning

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
icon
Related questions
Question

DEFINE Contingency planning

Expert Solution
Step 1

The planning that is made by assuming an unlikely outcome caused by an exceptional risk is called Contingency planning.

Step 2

The typical teams involved in contingency planning:

  • Contingency planning (CP) team
  • Incident response (IR) team
  • Disaster recovery (DR) team
  • Business continuity (BC) team

The Contingency planning team are collects the data about information systems and threats, conducts business impact analysis, creates contingency plans for incident response, disaster recovery, business continuity

The incident response team are manages Incident response plan by detecting, evaluating, responding to incidents and executes Incident response plan.

The disaster recovery team manages and executes the DR (disaster recovery) plan by the recognition, and assessment. Thereafter the response is given to the disasters, and the re-establishment of procedure takes place at the main business sites.

The business continuity team directs and then implements the BC (business continuity) plan by arranging and then starting off site procedure in the case of any disaster or event.

steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Organizational planning
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Business in Action
Business in Action
Operations Management
ISBN:
9780135198100
Author:
BOVEE
Publisher:
PEARSON CO
Purchasing and Supply Chain Management
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.