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What is the purpose of a contingency plan?

What is the purpose of a contingency plan?

“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.”

What must contingency plan include?

Your contingency plan should include a step by step guideline for what to do in case the event has occurred and how to handle the situation. Furthermore, it should also include information about the key personnel to reach out to including their up to date contact information.

What would you expect to find in a contingency plan?

A good contingency plan should include any event that might disrupt operations. Here are some specific areas to include in the plan: Natural disasters, such as hurricanes, fires, and earthquakes. Data loss, such as loss due to natural disasters, sabotage, or other criminal action (such as an attack on a website)

What is a contingency plan example?

A simple example of a contingency plan is to back up all website data in case your site gets hacked. If this scenario happens, you can then restore the data after regaining access and changing passwords. If you’re not prepared, you might have to recreate your entire website from memory.

How do you address contingencies?

Here are the steps you need to follow in a contingency planning process.

  1. Step 1: List down the key risks.
  2. Step 2: Prioritize the Risks Based on Their Impact.
  3. Step 3: Create Contingency Plans for Each Event.
  4. Step 4: Share and Maintain the Plan.

How do you determine a contingency plan?

The Contingency Planning Process

  1. Step 1: Analyze Risks. To begin, we need to list out all of the possible events that could disrupt operations.
  2. Step 2: Determine the Likelihood and Impact of Risks.
  3. Step 3: Develop a Process for Each Item.
  4. Step 4: Look at Alternatives.

How do you write a contingency plan?

8 steps for contingency planning

  1. Make a list of risks.
  2. Weigh risks based on severity and likelihood.
  3. Identify important risks.
  4. Create contingency plans for the biggest risks.
  5. Get approval for your contingency plan.
  6. Distribute your contingency plans.
  7. Monitor your contingency plans.
  8. Create new contingency plans if necessary.

How do you plan a contingency plan?