"Anything that can go wrong, will go wrong". - Murphy's Law.
Nobody expected Titanic to sink which resulted in the ship carrying far fewer lifeboats than the number of persons in the ship. Hence, when it actually sank, a lot of precious lives had to be lost due to the non availability of the life boats.
Imagine you are going on a long drive on your car without any trace of human being near by and your car's tyre punctures. You can replace the punctured tyre by the spare tyre attached to your car.
Imagine you are working on your computer on critical applications and the electricity switches off. The battery backup available with the computer or the ups connected to the computer will provide necessary backup to continue the work till the work is completed.
Imagine:
A plane is flying in the air and the pilot develops a heart attack, then the second in command of the aircraft and the auto pilot provide a backup support to land the aircraft.
A plane is flying in the air and the pilot develops a heart attack, then the second in command of the aircraft and the auto pilot provide a backup support to land the aircraft.
A game of cricket is on and one of the players is seriously injured. The 12th man in the team will replace the injured person.
A building housing all your computer and information system with all the data storage gets destroyed in an earthquake or a fire. A well executed disaster recovery plan helps the organization to retrieve the lost data and information.
A building housing all your computer and information system with all the data storage gets destroyed in an earthquake or a fire. A well executed disaster recovery plan helps the organization to retrieve the lost data and information.
Similarly professional businesses understand the need of having a backup plan for every one of their plans to take care of any emergency requirements if the primary plan fails to perform or is aborted for any reason.
This backup planning or contingency planning, could be termed as the 'BUF' also known as the backup for failure plan.
The contingency planning consists of a set of instructions and action plans to be executed when the normal course of action fails. A good consistency plan takes into account the possible disruptions that could take place while executing the normal course of the main plan, persons responsible for executing the plan, actions to be undertaken by the persons in particular and the organization as a whole. This will help in a measured response to emergency situation and save lot of stress, time and money.
Contingency planning helps the organizations when there is a sudden loss of leadership, sudden loss of critical resources, sudden change in the market place or at a customer's end due to unforeseen circumstances, that could drastically impact the performance of the company.
While insurance for all critical assets could provide a backup for loss of such assets, backup plans provide ongoing contingency measures to keep the projects and the organization moving forward without loss of time and profits.
While it is comforting to have a backup plan for every plan put in place, it is important to ensure that over slack is minimised to reduce redundancies in the system that could increase idle time of under utilised resources and thus reduce return on over all investments.
The contingency planning consists of a set of instructions and action plans to be executed when the normal course of action fails. A good consistency plan takes into account the possible disruptions that could take place while executing the normal course of the main plan, persons responsible for executing the plan, actions to be undertaken by the persons in particular and the organization as a whole. This will help in a measured response to emergency situation and save lot of stress, time and money.
Contingency planning helps the organizations when there is a sudden loss of leadership, sudden loss of critical resources, sudden change in the market place or at a customer's end due to unforeseen circumstances, that could drastically impact the performance of the company.
While insurance for all critical assets could provide a backup for loss of such assets, backup plans provide ongoing contingency measures to keep the projects and the organization moving forward without loss of time and profits.
While it is comforting to have a backup plan for every plan put in place, it is important to ensure that over slack is minimised to reduce redundancies in the system that could increase idle time of under utilised resources and thus reduce return on over all investments.
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