Business Continuity Contingency Arrangements
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Definition
Business Continuity Contingency Arrangements are the provisions set in place ex-ante to help mitigate the impact of a Business Disruption event. These will be typically part of a Business Continuity Plan
Examples
The type of contingency arrangements will depend on the nature of the organization and its business and may include:[1]
- Hot Site
- Cold Site
- Buddy Organizations (within the sector)
- Split-Operations
- Work from Home Arrangements
- Prioritization of services/operations
References
- ↑ Business Continuity Planning and Crisis Management, FRBNY, 2015
