After reading about weather disasters and other events that destroy lives and disrupt businesses, I thought I’d refresh my knowledge of business continuity practices. Here are some notes from a business continuity course from Project Management Institute.
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- Accepting threats.
- Small, unavoidable, unknown.
- Impossible to avoid, transfer, mitigate.
- Hope for the best and plan appropriate responses.
- Passive.
- Doing nothing unless threat arises.
- Tackle consequences when they happen.
- Active.
- Plan in advance how to handle consequences if threat comes to pass.
- Set aside sufficient contingency reserves, e.g., money, time.