MANAGEMENT

Detailed explanation-1: -A fourth type of planning, known as contingency planning, is an alternative course of action, which can be implemented if and when an original plan fails to produce the anticipated result.

Detailed explanation-2: -As discussed earlier, there are five types of business continuity plans: crisis management, crisis communications, emergency response, IT disaster recovery, and business continuity.

Detailed explanation-3: -Phase 1: Initiation. Phase 2: Business Impact Analysis (BIA) Phase 3: Develop Recovery Strategies. Phase 4: Implementation.

Detailed explanation-4: -A business continuity plan has three key elements: Resilience, recovery and contingency. An organization can increase resilience by designing critical functions and infrastructures with various disaster possibilities in mind; this can include staffing rotations, data redundancy and maintaining a surplus of capacity.