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As an emergency is unexpected, it’s difficult to plan for in your business budget unless you keep an emergency fund. Types of emergencies that can impact a small business include: Natural disasters
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 plan. 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.
IT disaster recovery (also, simply disaster recovery (DR)) is the process of maintaining or reestablishing vital infrastructure and systems following a natural or human-induced disaster, such as a storm or battle. DR employs policies, tools, and procedures with a focus on IT systems supporting critical business functions. [1]
Incident response team. An incident response team (IRT) or emergency response team (ERT) is a group of people who prepare for and respond to an emergency, such as a natural disaster or an interruption of business operations. Incident response teams are common in public service organizations as well as in other organizations, either military or ...
An emergency procedure is a plan of actions to be conducted in a certain order or manner, in response to a specific class of reasonably foreseeable emergency, a situation that poses an immediate risk to health, life, property, or the environment. [1] Where a range of emergencies are reasonably foreseeable, an emergency plan may be drawn up to ...
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