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Contingency plans are the organizational plans with rules and procedures that employees follow
during both natural and man-made emergencies. They are very critical to the organization
because they minimize the risk caused by emergencies. I tend to believe that all organizations
understand that they are always faced with the risk of being attacked. Lack of preparedness
during such a situation may delay the recovery process or even destroy the business. In
contingency planning, the hardest of all tasks is the first or initial task. The team involved must
determine the individuals involved and what must be protected from the emergency or risk.
Understanding the initial tasks makes implementation of the plan easier.
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Without a contingency plan, an insurance company may leave the majority of the people
underinsured or uninsured. For instance, take a building that stores customer data in both soft
and hard copies though located in flood-prone areas. Due to security reasons, the company may
not have any backups of the information in another location. During floods, all the copies may be
destroyed or damaged. Consequently, most of the customers may be left without insurance
because there is no proper way to acknowledge clients. In another example, when New Orleans
was hit by hurricane Katrina in 2005, all evidence had been locked up in the basement of the
police headquarters. During the disaster, most of the evidence was destroyed making it
impossible to charge criminals with gang affiliations among other cases.
Business Impact Analysis
In contingency planning, the Business Impact Analysis (BIA) plays a very critical role. This
usually begins after completion of the risk assessment process. The main purpose of the BIA is
to prioritize both threats and vulnerabilities identified in the risk management process with
detailed information. It is able to show how long it will take for business units and organizational
processes to resume to their normal functioning after a disaster. Also, it identifies the necessary
resources needed to facilitate the recovery process. The activities and outlined in the BIA are
very critical to any organ...
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