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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 (expected) plan. [1] It is often used for risk management for an exceptional risk that, though unlikely, would have catastrophic consequences.
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 ...
Contingency contracts can be beneficial for both parties by producing value and motivating performance, however there are some situations in which contingency contracts are not the best solution. Here are some limitations: [2] Contingency contracts could be threatening if the other party possesses or has access to more valuable information than ...
Primary, alternate, contingency and emergency (PACE) is a methodology used to build a communication plan. [1] The method requires the author to determine the different stakeholders or parties that need to communicate and then determine, if possible, the best four, different, redundant forms of communication between each of those parties.
It documents national response capability and is intended to promote overall coordination among the hierarchy of responders and contingency plans. [1] The first National Contingency Plan was developed and published in 1968, in response to a massive oil spill from the oil tanker Torrey Canyon, off the coast of England a year earlier.
An Information System Contingency Plan (ISCP) is a pre-established plan for restoration of the services of a given information system after a disruption.. The US National Institute of Standards and Technology Computer Security Resource Center (CSRC) has published a Special Publication (SP) named SP 800-34 guiding organizations as to how an ISCP should be developed.
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