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PROJ 586 Contingency Planning Discussions Week 5 DeVry
What is contingency planning? Why is contingency planning important? Why is identifying the events that have high or most visible risks important? How is this accomplished? What is meant by, “develop strategies for recovery”? Why is this important? Can you name some other risk management tools/techniques? What is the difference between positive and negative risk? Are you aware of any other risk management tools/techniques? What are their advantages/disadvantages? Why is it important that we document our risk response plans (to include contingency plans)? What is meant by, “develop strategies for recovery”? Why is this important? Contingency plans are developed in response to identified riske. Risks can be either positive or negative. Can you explain the difference? Does contingency planning only have to be planning for things which might go wrong? Can you explain the difference between a positive and negative risk and why we might want to develop plans for a positive risk?…