• The Chief Risk Officer of your firm of 2500 employees has just returned from a contingency planning conference. He/She wants you to organize an exploratory committee for discussions around establishing a full spectrum contingency plan with all the major components. Discuss the significance of contingency planning to incorporate business continuity and disaster recovery.
• Questions to consider:
• What teams within the firm should be represented during these exploratory project meetings and why?
• What major components should be included in a full spectrum contingency plan? What are the steps the contingency planning committee should take to get this effort off the ground? Make sure you:
• 1. Submit an initial post of at least 400 words.
• 2. Back up what you're writing with scholarly sources (Wikipedia is NOT a scholarly source) in the form of in-text citations and a citation list at the bottom (minimum of two citations to your main post) using APA format.
• 3. Respond to two of your peers with a thoughtful and insightful response of 200+ words. Remember, this is supposed to be a discussion, so please no "loved your post, keep it up!" type.

Answer rating: 100% (QA)

In any company a contingency plan is an important part of company development as it cushions the company from risks and losses For a contemporary anal... View the full answer