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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
Emergency management (also disaster management) is a science and a system charged with creating the framework within which communities reduce vulnerability to hazards and cope with disasters. [1] Emergency management, despite its name, does not actually focus on the management of emergencies; emergency management or disaster management can be ...
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.
Crisis management is the process by which an organization deals with a disruptive and unexpected event that threatens to harm the organization or its stakeholders. [1] The study of crisis management originated with large-scale industrial and environmental disasters in the 1980s. [2][3] It is considered to be the most important process in public ...
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 ...
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 ...