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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
Through a case study of Washington Mutual Bank (WaMu), the Report found that in 2006, WaMu began pursuing high risk loans to pursue higher profits. A year later, these mortgages began to fail, along with the mortgage-backed securities the bank offered. As shareholders lost confidence, stock prices fell and the bank suffered a liquidity crisis. [5]
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 disaster recovery strategy derives from the business continuity plan. [27] Metrics for business processes are then mapped to systems and infrastructure. [28] A cost-benefit analysis highlights which disaster recovery measures are appropriate. Different strategies make sense based on the cost of downtime compared to the cost of implementing ...
There are five steps of implementing contingency plan, which are organize a planning team, assess the scope of the problem, develop a plan, test the plan, and keep the plan up-to-date. [2] For example, if many employees of a company are traveling together on an aircraft which crashes, killing all aboard, the company could be severely strained ...
The College Board's Advanced Placement Program is an extensive program that offers high school students the chance to participate in what the College Board describes as college-level classes, reportedly broadening students' intellectual horizons and preparing them for college work. It also plays a large part in the college admissions process ...
Level two disasters is considered a major emergency that disrupts a sizable portion of the campus community; building fires or explosions, bio-terrorism threats, and major chemical spills are just some of the examples of a level two disaster [43] Responding to a level two situation requires the emergency plan to be activated, and calls for ...
One element of personal wellness and mental health includes the creation of a crisis plan. Development of a real crisis plan and post-crisis plan is key to the daily maintenance of the evidence-based practice of the Wellness Recovery Action Plan as referenced by the SAMHSA National Registry for Evidence-Based Programs and Practices.