Crisis Management

Definition of Crisis Management as it relates to Business, Risk Management, Business Continuity Planning

Contingency Planning: A proactive process that organizations engage in to ensure their ability to effectively respond and recover from unexpected events or disruptions, thereby minimizing potential impact on business operations. It involves identifying critical functions and activities, assessing associated risks, and developing detailed plans outlining alternate courses of action to maintain continuity. This category is closely related to risk management and business continuity planning, as it forms an integral part of the overall framework for managing organizational resilience in the face of uncertainty.

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