Contingency planning and strategies

This paper will look at contingency planning and how it can help an organization survive an incident or disaster. Contingency planning has four basic aspects: business impact analysis, incident response plan, disaster recovery plan, and business continuity plan. While there may be multiple ways to address each plan, and multiple ways to implement each, each component should be developed fully for maximum effectiveness. Creating a fully-fleshed out contingency plan is difficult and time consuming, and, once created, must be polished to maintain a state of readiness for any situation at any time. A well-made contingency plan can save an organization from going out-of-business should an incident or disaster occur.