What is the difference between mitigation and contingency plan?
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- What did you learn about some of the real benefits and limitations of planning by watching this video?What is planning for the worst case scenario, and how does it work?A recent report on executive awareness of and involvement in corporate pandemic preparedness by Michael Evangelides, principal at Deloitte Consulting LLP, most top executives and boards of directors are not engaged in the influenza pandemic planning process and won't give it equal billing to other potential disruptions until at least one of the following occurs: Media attention to pandemic influenza increases. Legislation or regulation emerges, requiring a high level of preparedness. Shareholders and investors demand a high level of preparedness. The financial impact of a pandemic on the corporation becomes evident. Obviously, planners can do little to nudge along the first three prerequisites. But, fortunately, the fourth is in their sphere of influence. And it is worth pursuing, says Penny Turnbull, senior director of crisis management and business continuity planning at Washington, DC–based Marriott International, Inc. "It certainly helps focus the minds of our senior…
- A recent report on executive awareness of and involvement in corporate pandemic preparedness by Michael Evangelides, principal at Deloitte Consulting LLP, most top executives and boards of directors are not engaged in the influenza pandemic planning process and won't give it equal billing to other potential disruptions until at least one of the following occurs: Media attention to pandemic influenza increases. Legislation or regulation emerges, requiring a high level of preparedness. Shareholders and investors demand a high level of preparedness. The financial impact of a pandemic on the corporation becomes evident.Make a clear distinction between contingency planning and disaster recovery.A recent report on executive awareness of and involvement in corporate pandemic preparedness by Michael Evangelides, principal at Deloitte Consulting LLP, most top executives and boards of directors are not engaged in the influenza pandemic planning process and won't give it equal billing to other potential disruptions until at least one of the following occurs: • Media attention to pandemic influenza increases. • Legislation or regulation emerges, requiring a high level of preparedness. • Shareholders and investors demand a high level of preparedness. • The financial impact of a pandemic on the corporation becomes evident. Obviously, planners can do little to nudge along the first three prerequisites. But, fortunately, the fourth is in their sphere of influence. And it is worth pursuing, says Penny Turnbull, senior director of crisis management and business continuity planning at Washington, DC–based Marriott International, Inc. "It certainly helps focus the minds of our senior…
- A recent report on executive awareness of and involvement in corporate pandemic preparedness by Michael Evangelides, principal at Deloitte Consulting LLP, most top executives and boards of directors are not engaged in the influenza pandemic planning process and won't give it equal billing to other potential disruptions until at least one of the following occurs: • Media attention to pandemic influenza increases. • Legislation or regulation emerges, requiring a high level of preparedness. • Shareholders and investors demand a high level of preparedness. • The financial impact of a pandemic on the corporation becomes evident. Obviously, planners can do little to nudge along the first three prerequisites. But, fortunately, the fourth is in their sphere of influence. And it is worth pursuing, says Penny Turnbull, senior director of crisis management and business continuity planning at Washington, DC–based Marriott International, Inc. "It certainly helps focus the minds of our senior…How would you avoid the typical disconnect between planning and implementation?Explain contingency planning and crisis management and its importance. Please quote examples from natural disasters.