Contingency Planning (Leaving Cert Business): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What is contingency planning?
What is contingency planning?
Creating backup strategies for crises
What is the main goal of contingency planning?
What is the main goal of contingency planning?
To make organisations resilient & adaptable
How many steps are in the contingency planning process?
How many steps are in the contingency planning process?
Six steps
Which of these is a category of risk identified in Step 1?
Which of these is a category of risk identified in Step 1?
Natural disasters
What two factors must businesses consider when identifying risks?
What two factors must businesses consider when identifying risks?
Likelihood of occurrence & severity of impact
What does Step 2 prioritise resources focus on?
What does Step 2 prioritise resources focus on?
Critical resources essential during a crisis
What should response strategies in Step 3 outline?
What should response strategies in Step 3 outline?
Communication protocols & roles
What characteristic should plans in Step 4 have?
What characteristic should plans in Step 4 have?
Comprehensive yet easy to follow
What does training in Step 5 include?
What does training in Step 5 include?
Running practice drills & simulations
Why must contingency plans be regularly reviewed in Step 6?
Why must contingency plans be regularly reviewed in Step 6?
To ensure they remain current & relevant