contingency plan

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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.
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"We want them all to be conscious about the need to consider preparedness and capacity to pursue business continuity," Sicat told The STAR.
Awaidha Murshed Al Marar, DoE chairman, said: "Adopting the Business Continuity Policy and cancelling the instructions issued back in 2014 form part of our efforts to upgrade the energy sector in Abu Dhabi and establish a unified ecosystem that manages business continuity in the industry, in close coordination with local and federal entities operating in the sector.
Petrowireless LLC, a leading authority of technology workshops and webinars for the energy industry, has collaborated with Texas A&M University, University of Houston, and the US Coast Guard, to bring together industry recognized experts to share their subject matter knowledge about the evolution of business continuity in the oil and gas industry.
Majed Sultan Al Mesmar, deputy director general of telecommunication sector, TRA, said: "Business continuity and sustainability is one of the most important global competitive standards within the telecommunications sector, which is highly essential for the continuity and sustainability for other businesses."
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.
This probably isn't the first time someone has told you that you need a Business Continuity Plan, Finding the time and internal resources can be difficult in today's fast-paced business environment.
The judging panel evaluated Batelco, among other shortlisted companies, for their achievements in business continuity leadership, team operation across all disciplines, major challenges faced by the team and their handling of such challenges.
Saif Mohammad Al Shamsi, acting deputy general manager of the National Emergency Crisis and Disasters Management Authority's Business Continuity Management Standard, said it is meant to build an organisation's capability to continue functioning and delivering activities when its operations are disrupted due to emergencies or crises.
The training programmes were held to ensure that Batelco's key employees have full understanding and knowledge to implement and assess the Business Continuity Standard within the workplace.
A well-designed and sensibly implemented business continuity protection strategy for the contact centre can minimise the high costs of downtime and importantly minimise the loss of revenue that can seriously harm a business--but is it too expensive to implement?
Business Continuity practitioners, presented the award during its inaugural BCI

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