contingency plan

(redirected from Business continuity)
Also found in: Dictionary, Thesaurus, Medical, Acronyms, Encyclopedia, Wikipedia.

contingency plan

tactics which would be adopted in the event of a firm's original plans being thwarted. It is important for a BUSINESS to establish contingency plans so that they have a fall-back position. If, for example, a key component supplier is unable to deliver on time, the firm should have alternative suppliers lined up to avoid excessive disruption to its own production process.
Mentioned in ?
References in periodicals archive ?
The report showed that fewer than one in 10 respondents said their organisation was certi-fied to ISO22301, the international standard for business continuity management.
Overall, Borchert says, Factiva's business continuity plan encompasses the full spectrum--from dire circumstances in a specific location to the much longer term and larger scale that a pandemic would introduce.
Rather than require every department in the university to fill out risk assessment forms, GMU's EERMG members first identified which departments were most relevant to business continuity planning.
Examining their current network environment and assessing requirements for primary and secondary data locations, the firm's IT leadership established several main objectives as the overarching requirements needed to create a solution that would ensure business continuity in the event of data damage or disaster.
As we New Yorkers should know from experience by now, business continuity is more than being prepared for the standard breed of emergencies.
If you don't have a proven, comprehensive, and effective disaster and business continuity plan already in place, doing so now may mean the difference between your organization's survival and failure in the future.
CPAs HAVE THE SKILLS TO ADD VALUE to business continuity plans.
The goal of Global Business Continuity Awareness Week is to raise understanding of business continuity management with opinion leaders in government and industry," said Lyndon Bird, International Technical Director for The BCI.
Business continuity is ultimately the CEO's responsibility.
Any solution that can take half a day or more to provide access to critical data is becoming increasingly unacceptable to enterprise IT environments that are focused on data availability and business continuity.
We're continually working with customers on business continuity planning.
Presenters for the conference include Barry Cardoza, vice president and manager of business continuity contingency planning and disaster recovery at Union Bank of California; Rhonda E.

Full browser ?