Textbook Problem

What is the name for the broad process of planning for the unexpected? What are its primary components?

Explanation of Solution

Name for the broad process of planning for the unexpected:

• The broad process of planning for the unexpected is called “contingency planning”.
• A contingency planning is a course of action planned to support an organization respond efficiently to a significant future situation that may or may not happen.
• It is referred as “plan B” because it can be used as an alternative for action if estimated outputs fail to occur.

Explanation of Solution

Primary components of contingency planning:

The Primary components of contingency planning are as follows:

• Business impact analysis:
  • It calculates the concerns of disturbance of a business function and process and collects information required to improve recovery strategies.
• Incident response planning:
  • It is an organized method to addressing and handling the outcome of a security breach or cyberattack. It is also known as computer incident, security incident, and IT incident.
• Disaster recovery planning (DRP):
  • It is a set of procedures to recover and protect a business Information Technology (IT) infrastructure in the occurrence of a disaster.
• Business continuity planning (BCP):
  • It is a strategy to support the business processes can continue during a time of emergency or disaster.