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A disaster recovery plan (DRP) is a documented process or set of procedures to execute an organization's disaster recovery processes and recover and protect a business IT infrastructure in the event of a disaster. [3] It is "a comprehensive statement of consistent actions to be taken before, during and after a disaster". [4]
Distribution resource planning (DRP) is a method used in business administration for planning orders within a supply chain. DRP enables the user to set certain inventory control parameters (like a safety stock) and calculate the time-phased inventory requirements.
Business continuity planning life cycle. Business continuity may be defined as "the capability of an organization to continue the delivery of products or services at pre-defined acceptable levels following a disruptive incident", [1] and business continuity planning [2] [3] (or business continuity and resiliency planning) is the process of creating systems of prevention and recovery to deal ...
The choice of mechanisms is reflected in a disaster recovery plan (DRP). Control measures can be classified as controls aimed at preventing an event from occurring, controls aimed at detecting or discovering unwanted events, and controls aimed at correcting or restoring the system after a disaster or an event.
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Financial decisions, such as insurance, express loss in terms of dollar amounts. When risk assessment is used for public health or environmental decisions, the loss can be quantified in a common metric such as a country's currency or some numerical measure of a location's quality of life.
Directors and officers liability insurance (also written directors' and officers' liability insurance; [1] often called D&O) is liability insurance payable to the directors and officers of a company, or to the organization itself, as indemnification (reimbursement) for losses or advancement of defense costs in the event an insured suffers such a loss as a result of a legal action brought for ...
A broad distinction [12] exists though, between financial institutions and non-financial firms - and correspondingly, the application of risk management will differ. Respectively: [ 12 ] For Banks and Fund Managers, "credit and market risks are taken intentionally with the objective of earning returns, while operational risks are a byproduct to ...