65 - scenario planning

Question 1

business continuity plan

Answer 1

shows how a business will operate after a serious incident and how it expects to return to normal in the quickest time possible

Question 2

risk assessment

Answer 2

identify and evaluating the potential risks that may be involved in an activity that a business proposes to undertake, ensuring compliance with health and safety legislation

Question 3

risk mitigation plans

Answer 3

identify, assess and prioritise risks, and plan responses to deal with the impact of these risks on the operation of the business

Question 4

scenario planning

Answer 4

a strategic planning method designed to explore uncertainties, learn how to protect the business from the worst consequences and prepare how to exploit opportunities

Question 5

succession planning

Answer 5

identifying and developing people who have the potential to occupy key roles in the business in the future