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There are seven steps outlined for a contingency plan which are as follows:
Develop a Contingency Planning Policy Statement: This will provide the authority and
guidance necessary to develop the plan.
Conduct the BIA (Business Impact Analysis): The BIA will help to identify and prioritize
information systems and components that are critical in supporting the organization’s
mission/business functions.
Identify Preventive Controls: Preventive controls are measures taken to reduce the
effects of system disruptions. They will increase system availability and reduce
contingency life-cycle costs.
Create Contingency Strategies: These are thorough recovery strategies that ensure the
system will be recovered quickly in case of a disruption.
Create an Information System Contingency Plan: This should contain detailed guidance
and procedures for restoring a system after emergencies occur. These procedures will
be unique to the system’s security impact level and recovery requirements. Each third-
party vendor must be prepared for working within the bank’s contingency plan during
and after emergencies.
Provide Plan Testing, Training and Exercises: Testing your plan will ensure that
recovery will be successful while training prepares personnel so that they know how to
act in case of emergency and with regards to putting the plan into effect.
Ensure Plan Maintenance: The plan should be updated regularly to remain current with
any changes made within the organization.
When you run a business, risk comes with the territory and can occur in the form of
accidents, natural disasters, financial risks, IT attacks and more. Be sure you are
prepared by providing comprehensive contingency planning in your workplace.
For a thorough look at the contingency planning process, consider the steps below:
Create an official policy. ...
Gather your resources. ...
Use risk assessment. ...
Draft your plan. ...
Test your plan. ...
Update your plan. ...
Brainstorm unlikely scenarios.
The key elements of a contingency plan are “protection, detection, and recoverability.”
On-the-job training
On-the-job training, also known as hands-on training, involves gaining the necessary
skills to excel by completing the duties associated with the role. This training method
allows you to maximize time as new employees typically begin working immediately
following their hire. There often involves a job shadowing component, where a more
skilled employee works closely with the new employee to monitor and mentor them.
Typically, this also allows the new employee to gain insight into the role in specific
contexts.
Implementing this training method may be challenging for large groups. For instance,
when a classroom has many trainees, it can affect interaction. In-person monitoring is
mandatory throughout this training method, requiring trainees to keep pace with the rest
of the group. To help ensure the success of this method, it's essential to maintain high
energy and take regular breaks to help ensure the experience is engaging for trainees.
Roleplaying
Videos are now increasingly popular as a training tool, as they allow companies to train
employees efficiently and effectively. Some employees who learn better from visual
strategies prefer films and videos for their training rather than reading materials. It
involves explaining complex topics or issues using videos that employees can easily
access and watch at their pace. Usually, video training can make difficult or boring
material more demonstrative, interactive, and engaging.
Case studies are relevant and often the best training method for developing problem-
solving and analytical skills. It involves giving an employee a scenario that is like a
typical work situation or problem. Employees then analyze the case, either as a group
or independently, and develop the appropriate solution. This training method allows
employees to recognize issues they may encounter in the workplace. It also allows
them to identify and develop possible solutions to manage such situations. When they
actually occur, employees are better prepared to handle the issue since they can apply
the skills they learned in a similar case study.