contingency planning and crisis management and plan- do - review

Question 1

what is a plan do review?

Answer 1

it is a method used to meet key departmental tasks in order to reach strategic objectives.

Question 2

what stages does it go through?

Answer 2

plan - establish objectives and course of action
do - implement the plan ensuring all area’s understand it
review - a formal on going evaluation process.

Question 3

advantages?

Answer 3

• ensures the plan is implemented
• evaluates the plan as it goes along making sure it is working effectively
• everyone is working together to implement the plan

Question 4

disadvantages?

Answer 4

• lengthy process
• time consuming
• if some employee’s aren’t involved they may not help make sure it’s achieved.

Question 5

what is contingency planning?

Answer 5

refers to acknowledging that the strategic or tactical plan put in place may fail, therefore implementing a plan B in case of a failure - the more risks that are anticipated the better for the business.

Question 6

what is crisis management?

Answer 6

when a business deals with an event that threatens to harm the business or stakeholders a “crisis”.