What is a continuity strategy?
What is a continuity strategy?
1. Business Continuity Strategy is a phase within the BCM planning process. It is the conceptual summary of preventive (mitigation) strategies, crisis response strategies and recovery strategies that must be carried out between the occurrence of a disaster and the time when normal operations are restored.
At what stage of business continuity planning is a BIA performed?
Phase 2: Analyze the risks you face Next, you’ll perform a business impact analysis (BIA) to gauge the impact of each potential risk. For each risk, determine how severe the impact would be and how long your business could survive without those processes running.
Why is a business continuity plan important?
It’s important to have a business continuity plan in place that considers any potential disruptions to operations. The plan should enable the organization to keep running at least at a minimal level during a crisis. Strong business continuity saves money, time and company reputation.
What is the difference between disaster recovery and business continuity?
Business continuity focuses on keeping business operational during a disaster, while disaster recovery focuses on restoring data access and IT infrastructure after a disaster. Meanwhile, a disaster recovery strategy helps to ensure an organization’s ability to return to full functionality after a disaster occurs.
Which type of plan is not likely to be repeated in future?
Single-use Plan
Which of the following is not a Recognised type of plan?
Answer: The succession plan is not a recognized plan. Explanation: The process of finding and developing the abilities of new employees so that they can replace the old ones is defined as the succession plan.
What is the synonym of contingent?
Some common synonyms of contingent are accidental, casual, and fortuitous. While all these words mean “not amenable to planning or prediction,” contingent suggests possibility of happening but stresses uncertainty and dependence on other future events for existence or occurrence.
What does contingent upon approval mean?
Adj. 1. contingent upon – determined by conditions or circumstances that follow; “arms sales contingent on the approval of congress” contingent on, dependant on, dependant upon, dependent on, dependent upon, depending on, contingent.
What does contingent mean?
“Contingent” or “pending” status means that the home’s owner has accepted an offer from a prospective buyer and that the offer comes with contingencies. For example, a buyer may place an offer on a home, but the offer is contingent on the buyer selling their current home first or contingent on obtaining a mortgage.