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A contingency plan, or alternate plan, also known colloquially as Plan B, is a plan devised for an outcome other than in the usual ... Business and economics portal;
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 ...
As such, a business continuity plan is a comprehensive organizational strategy that includes the DRP as well as threat prevention, detection, recovery, and resumption of operations should a data breach or other disaster event occur. Therefore, BCP consists of five component plans: [8] Business resumption plan; Occupant emergency plan
IT service continuity (ITSC) is a subset of BCP, [4] which relies on the metrics (frequently used as key risk indicators) of recovery point/time objectives.It encompasses IT disaster recovery planning and the wider IT resilience planning.
The George W. Bush administration put the Continuity of Operations plan into effect for the first time directly following the September 11 attacks.Their implementation involved a rotating staff of 75 to 150 senior officials and other government workers from every federal executive department and other parts of the executive branch in two secure bunkers on the East Coast.
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Business owners and key employees: Entrepreneurs and key executives may need this level of coverage to protect business continuity, settle outstanding debts or fund buy-sell agreements.
ISO 22301 is an international standard for business continuity management systems.It was developed in March 2012 by International Organization for Standardization.The goal of the standard is to specify requirements to plan, establish, implement, operate, monitor, review, maintain and continually improve a documented management system to protect against, reduce the likelihood of occurrence ...