"A contingency plan is an outline of procedures to follow in case of a major event, such as a server crash or building fire.
A contingency plan is a written way of saying, that should a problem arise, you have thought of ways to prevent the loss of vital information or reduce the impact to your business."

"Contingency planning aims to prepare an organization to respond well to an emergency and its potential humanitarian impact.
Developing a contingency plan involves

• making decisions in advance about
• the management of human
• and financial resources,
• coordination and communications procedures,
• and being aware of a range of technical and logistical responses. "

Contingency Plan for an enterprise in the digital sector
presuming you thoroughly read
 witiger.com/internationalbusiness/politicalriskcontingencyplanning.htm
 
- you can pick a company or enterprise in the GTA (which means you probably can talk to someone there)
- or you can do a company or enterprise outside the GTA or outside Canada

Take time to pick a good company - picking a good company allows you to talk about many components of a contingency plan and demonstrate the breadth of your problem solving.
Briefly describe the business sector within which this enterprise operates (meaning, auto, real estate, tourism)
What are some of the basic TRVs (Threats, Risks, Vulnerabilities) of enterprises in that sector?
For example
banking - identity theft, fraud, and financial scam
 

The Threat
What am I protecting / defending against,
What are the specific risks - since you probably don't have access to confidential information from your selected company you have to make "inferences" based on observations about their product line-up and/or services vended.
identifying specific risks can be very complicated and is affected by considering "what is going to potentially happen".

• human factors
• new hires
• staff turnovers
• outsourcing
• economic environment
• technological environment
• software bugs
• legacy software compatibility
• geographic environment as well as weather extremes and other geographical circumstances

Asset: something worth something

• it could be a human asset - a person you need to do something
• it could be a facility, structure or building
• it could be a piece of valuable equipment or a vehicle
• it could be something related to communications and transportation
• it could be data, such as detailed customer information
• basically anything of value that you want to protect
• also consider "intangible assets", like brand reputation

basically, the definition of an asset is something which is valuable for your company to have to carry out the critical aspects of business

Countermeasures

Response
What and Who.
What are we going to do about it?

• continuation of critical services
• time-sensitive critical services or products are continuously delivered or not disrupted for longer than is permissible
• focuses on restoring systems and capability

How much am I willing to spend to protect these assets

• how much money am I willing to spend
• costs of people to act as guards
• money for defences
• money for countermeasures
• time: how much time will I dedicate
• how much effort - what part of job descriptions will I task to this

Sources referred to on this page
http://www.wikihow.com/Write-a-Contingency-Plan
http://www.ifrc.org/en/what-we-do/disaster-management/preparing-for-disaster/disaster-preparedness-tools/contingency-planning-and-disaster-response-planning/
 
 
 
 

witiger.com	CONTACT I MAIN PAGE I NEWS GALLERY I E-BIZ SHORTCUTS I INT'L BIZ SHORTCUTS I MKTG&BUSINESS SHORTCUTS I TEACHING SCHEDULE
	.
	MISTAKES ITEXTS USED I IMAGES I RANK IDISCLAIMER I STUDENT CONTRIBUTORS I FORMER STUDENTS I PUBLICATIONS I TIPS I
	.

.