Question: What Is The Difference Between A Business Continuity Plan And A Contingency Plan?

What is the difference between a disaster recovery plan and a contingency plan?

Disaster recovery plan: Provides detailed step-by-step procedures for the recovery and operation of mission critical systems.

Contingency plan is that of an in-depth procedures manual for recovery team members to make decisions regardless of the disaster situation..

What is the difference between a disaster recovery plan and a business continuity plan quizlet?

A disaster recovery plan is a detailed process for recovering information or a system in the event of a catastrophic disaster. … A business continuity plan involves details about how a company recovers and restores critical business operations and systems after a disaster or extended disruption.

What is a contingency plan example?

A contingency plan is a plan devised for an outcome other than in the usual (expected) plan. … Contingency plans are often devised by governments or businesses. For example, suppose many employees of a company are traveling together on an aircraft which crashes, killing all aboard.

What is the difference between business continuity and crisis management?

Business continuity DR details of procedures and steps to recover from a disaster. Crisis Management Plan details are steps to be taken to handle the crisis. The BC Plan lists the steps to be taken to ensure continuity of mission-critical business operations.

What are the key concepts of contingency planning?

The purpose of a contingency plan is to allow an organization to return to its daily operations as quickly as possible after an unforeseen event. The contingency plan protects resources, minimizes customer inconvenience and identifies key staff, assigning specific responsibilities in the context of the recovery.

How do you set up a contingency plan?

Here are the steps you need to follow in a contingency planning process.Step 1: List down the key risks. … Step 2: Prioritize the Risks Based on Their Impact. … Step 3: Create Contingency Plans for Each Event. … Step 4: Share and Maintain the Plan.

What is an example of contingency?

Contingency means something that could happen or come up depending on other occurrences. An example of a contingency is the unexpected need for a bandage on a hike. The definition of a contingency is something that depends on something else in order to happen.

What is the purpose of contingency?

“The purpose of any contingency plan is to allow an organization to return to its daily operations as quickly as possible after an unforeseen event. The contingency plan protects resources, minimizes customer inconvenience and identifies key staff, assigning specific responsibilities in the context of the recovery.”

What is another word for contingency?

Some common synonyms of contingency are crisis, emergency, exigency, juncture, pinch, straits, and strait. While all these words mean “a critical or crucial time or state of affairs,” contingency implies an emergency or exigency that is regarded as possible but uncertain of occurrence.