This document discusses the importance of contingency planning for human resource risks in small businesses. It outlines the key components of developing a contingency plan, including identifying risks through a risk assessment process, analyzing the potential impacts of those risks, and developing strategies to manage priority risks. Specifically, the document recommends businesses establish a planning team, conduct a risk assessment to rate risks based on probability and consequence, analyze how risks would impact critical business functions, and use a risk matrix to guide the selection of risk management strategies like risk avoidance, reduction, retention, or transfer. The goal is to develop a contingency plan that prepares a business to continue operating if key personnel become unavailable.
An Introduction to Business Contingency Planning for the New Planner
You can download additional resources here: https://intrustcloud-my.sharepoint.com/personal/tim_rettig_intrust-it_com/_layouts/15/guestaccess.aspx?guestaccesstoken=H62iIK9BNH6l%2fLt%2bxDK4AXZhOHk%2fpu3rQ%2fl84I6ijd4%3d&docid=0c3b81a446d4c42f9bedff529b6b413c1
www.crisisreadycheck.com
Are you ready for a crisis? How do you know? Use our crisis ready check system and find the strengths and weaknesses in your crisis management readiness today
A plan to mitigate or eliminate risk is handled well with the use of Risk Mitigation Strategy PowerPoint Presentation Slides. All the steps planned well in advance for enhancing the opportunities and reducing threats needs a professionally crafted PPT layout. Each and every fundamental area of concern and disaster recovery plan needs time to compile the data in a sequential presentation graphic thus making life much more easy and manageable. Not only there is financial and strategic impact of risk but also the execution of plans becomes difficult therefore it’s always important to keep a record of market trends in PowerPoint template. Operations can be made more effective with classic risk management presentation slides as it addresses important and functional areas like avoiding, reducing, transferring and retaining or accepting. Contingent risks can also be avoided and still if they happen can be addressed with ease as all the data and growth trend is just a click away on the PPT slide Our Risk Mitigation Strategy PowerPoint Presentation Slides are ideal for any job. It even caters for impulsive ideas.
An Introduction to Business Contingency Planning for the New Planner
You can download additional resources here: https://intrustcloud-my.sharepoint.com/personal/tim_rettig_intrust-it_com/_layouts/15/guestaccess.aspx?guestaccesstoken=H62iIK9BNH6l%2fLt%2bxDK4AXZhOHk%2fpu3rQ%2fl84I6ijd4%3d&docid=0c3b81a446d4c42f9bedff529b6b413c1
www.crisisreadycheck.com
Are you ready for a crisis? How do you know? Use our crisis ready check system and find the strengths and weaknesses in your crisis management readiness today
A plan to mitigate or eliminate risk is handled well with the use of Risk Mitigation Strategy PowerPoint Presentation Slides. All the steps planned well in advance for enhancing the opportunities and reducing threats needs a professionally crafted PPT layout. Each and every fundamental area of concern and disaster recovery plan needs time to compile the data in a sequential presentation graphic thus making life much more easy and manageable. Not only there is financial and strategic impact of risk but also the execution of plans becomes difficult therefore it’s always important to keep a record of market trends in PowerPoint template. Operations can be made more effective with classic risk management presentation slides as it addresses important and functional areas like avoiding, reducing, transferring and retaining or accepting. Contingent risks can also be avoided and still if they happen can be addressed with ease as all the data and growth trend is just a click away on the PPT slide Our Risk Mitigation Strategy PowerPoint Presentation Slides are ideal for any job. It even caters for impulsive ideas.
A plan to mitigate or eliminate risk is handled well with the use of Risk Mitigation Strategy PowerPoint Presentation Slides. All the steps planned well in advance for enhancing the opportunities and reducing threats needs a professionally crafted PPT layout. Each and every fundamental area of concern and disaster recovery plan needs time to compile the data in a sequential presentation graphic thus making life much more easy and manageable. Not only there is financial and strategic impact of risk but also the execution of plans becomes difficult therefore it’s always important to keep a record of market trends in PowerPoint template. Operations can be made more effective with classic risk management presentation slides as it addresses important and functional areas like avoiding, reducing, transferring and retaining or accepting. Contingent risks can also be avoided and still if they happen can be addressed with ease as all the data and growth trend is just a click away on the PPT slide Our Risk Mitigation Strategy Powerpoint Presentation Slides are ideal for any job. It even caters for impulsive ideas. https://bit.ly/3CGDNh1
Mitigation Plan In Risk Management PowerPoint Presentation SlidesSlideTeam
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Risk Evaluation And Mitigation Strategies PowerPoint Presentation SlideSlideTeam
This PPT deck displays thirty four slides with in depth research. Our Risk Evaluation And Mitigation Strategies Powerpoint Presentation Slides presentation deck is a helpful tool to plan, prepare, document and analyse the topic with a clear approach. We provide a ready to use deck with all sorts of relevant topics subtopics templates, charts and graphs, overviews, analysis templates. Outline all the important aspects without any hassle. It showcases of all kind of editable templates infographics for an inclusive and comprehensive Risk Evaluation And Mitigation Strategies Powerpoint Presentation Slides presentation. Professionals, managers, individual and team involved in any company organization from any field can use them as per requirement
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Keep your audience glued to their seats with professionally designed PPT slides. This deck comprises of total of thirty two slides. It has PPT templates with creative visuals and well researched content. Not just this, our PowerPoint professionals have crafted this deck with appropriate diagrams, layouts, icons, graphs, charts and more. This content ready presentation deck is fully editable. Just click the DOWNLOAD button below. Change the colour, text and font size. You can also modify the content as per your need. Get access to this well crafted complete deck presentation and leave your audience stunned.
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Risk Management Process And Procedures PowerPoint Presentation SlidesSlideTeam
Every organization needs to adapt to the ever-changing business environment. Sensing this need, we have come up with these content-ready change management PowerPoint presentation slides. These change management PPT templates will help you deal with any kind of an organizational change. Be it with people, goals or processes. The business solutions incorporated here will help you identify the organizational structure, create vision for change, implement strategies, identify resistance and risk, manage cost of change, get feedback and evaluation, and much more. With the help of various change management tools and techniques illustrated in this presentation design, you can achieve the desired business outcomes. This business transition PowerPoint design also covers certain related topics such as change model, transformation strategy, change readiness, change control, project management and business process. By implementing the change control methods mentioned in the presentation, you will be able to have a smooth transition in an organization. So, without waiting much, download our extensively researched change management framework presentation. With our Change Management Presentation slides, understand the need for change and plan to go through it without any hassles.
Its all about risk, risk analysis, method, pros and cons, important factors and stake holders.
Ignoring risk does not make the risk go way. So organizations and stake holders has to accept some certain degree of risk which we called it risk tolerance.
Every organization needs to adapt to the ever-changing business environment. Sensing this need, we have come up with these content-ready change management PowerPoint presentation slides. These change management PPT templates will help you deal with any kind of an organizational change. Be it with people, goals or processes. The business solutions incorporated here will help you identify the organizational structure, create vision for change, implement strategies, identify resistance and risk, manage cost of change, get feedback and evaluation, and much more. With the help of various change management tools and techniques illustrated in this presentation design, you can achieve the desired business outcomes. This business transition PowerPoint design also covers certain related topics such as change model, transformation strategy, change readiness, change control, project management and business process. By implementing the change control methods mentioned in the presentation, you will be able to have a smooth transition in an organization. So, without waiting much, download our extensively researched change management framework presentation. With our Change Management Presentation slides, understand the need for change and plan to go through it without any hassles.
Business Continuity Plan Powerpoint Presentation SlidesSlideTeam
Showcase proactive plan to avoid & mitigate risk with our content ready Business Continuity Plan Powerpoint Presentation Slides. Create a system of prevention & recovery from possible risks using this professionally designed mitigation planning presentation deck. The visually appealing risk assessment process PowerPoint complete deck contains editable templates with relevant content & suitable graphics such as management oversight, risk management, business impact analysis, business continuity policy framework, recommend mitigations to name a few. Furthermore, the emergency management PowerPoint templates are apt to present various topics like crisis management, disaster risk reduction, scenario planning, natural hazards control, business continuity auditing and many more. Incorporate business continuity & resiliency planning PPT slides for crisis management & planning. The easy-to-use mitigation planning PPT slides also assist users to create an effective plan so that businesses can continue operating even during the time of emergency or disaster. Get access to this self-explanatory disaster recovery presentation deck now. World-class design and customer service come together to offer you these Business Continuity Plan Powerpoint Presentation Slides. Thousands of styles are available. https://bit.ly/3rjOOk2
presentation to accountants about networking with other professionals, specifically slanted towards accountants working with professional risk management advisers
A plan to mitigate or eliminate risk is handled well with the use of Risk Mitigation Strategy PowerPoint Presentation Slides. All the steps planned well in advance for enhancing the opportunities and reducing threats needs a professionally crafted PPT layout. Each and every fundamental area of concern and disaster recovery plan needs time to compile the data in a sequential presentation graphic thus making life much more easy and manageable. Not only there is financial and strategic impact of risk but also the execution of plans becomes difficult therefore it’s always important to keep a record of market trends in PowerPoint template. Operations can be made more effective with classic risk management presentation slides as it addresses important and functional areas like avoiding, reducing, transferring and retaining or accepting. Contingent risks can also be avoided and still if they happen can be addressed with ease as all the data and growth trend is just a click away on the PPT slide Our Risk Mitigation Strategy Powerpoint Presentation Slides are ideal for any job. It even caters for impulsive ideas. https://bit.ly/3CGDNh1
Mitigation Plan In Risk Management PowerPoint Presentation SlidesSlideTeam
All slides are completely editable and professionally designed by our team of expert PowerPoint designers. The presentation content covers all areas of Mitigation Plan In Risk Management Powerpoint Presentation Slides and is extensively researched. This ready-to-use deck comprises visually stunning PowerPoint templates, icons, visual designs, data-driven charts and graphs and business diagrams. The deck consists of a total of thirtynine slides. You can customize this presentation as per your branding needs. You can change the font size, font type, colors as per your requirement. Download the presentation, enter your content in the placeholders and present with confidence.
This complete presentation has a set of thirtyseven slides to show your mastery of the subject. Use this ready-made PowerPoint presentation to present before your internal teams or the audience. All presentation designs in this Risk Mitigation Strategies Powerpoint Presentation Slides have been crafted by our team of expert PowerPoint designers using the best of PPT templates, images, data-driven graphs and vector icons. The content has been well-researched by our team of business researchers. The biggest advantage of downloading this deck is that it is fully editable in PowerPoint. You can change the colors, font and text without any hassle to suit your business needs.
Risk Evaluation And Mitigation Strategies PowerPoint Presentation SlideSlideTeam
This PPT deck displays thirty four slides with in depth research. Our Risk Evaluation And Mitigation Strategies Powerpoint Presentation Slides presentation deck is a helpful tool to plan, prepare, document and analyse the topic with a clear approach. We provide a ready to use deck with all sorts of relevant topics subtopics templates, charts and graphs, overviews, analysis templates. Outline all the important aspects without any hassle. It showcases of all kind of editable templates infographics for an inclusive and comprehensive Risk Evaluation And Mitigation Strategies Powerpoint Presentation Slides presentation. Professionals, managers, individual and team involved in any company organization from any field can use them as per requirement
Risk Mitigation Plan PowerPoint Presentation SlideSlideTeam
Keep your audience glued to their seats with professionally designed PPT slides. This deck comprises of total of thirty two slides. It has PPT templates with creative visuals and well researched content. Not just this, our PowerPoint professionals have crafted this deck with appropriate diagrams, layouts, icons, graphs, charts and more. This content ready presentation deck is fully editable. Just click the DOWNLOAD button below. Change the colour, text and font size. You can also modify the content as per your need. Get access to this well crafted complete deck presentation and leave your audience stunned.
Risk Assessment And Mitigation Plan PowerPoint Presentation SlidesSlideTeam
This deck consists of total of thirty three slides. It has PPT slides highlighting important topics of Risk Assessment And Mitigation Plan Powerpoint Presentation Slides. This deck comprises of amazing visuals with thoroughly researched content. Each template is well crafted and designed by our PowerPoint experts. Our designers have included all the necessary PowerPoint layouts in this deck. From icons to graphs, this PPT deck has it all. The best part is that these templates are easily customizable. Just click the DOWNLOAD button shown below. Edit the colour, text, font size, add or delete the content as per the requirement. Download this deck now and engage your audience with this ready made presentation.
Risk Management Process And Procedures PowerPoint Presentation SlidesSlideTeam
Every organization needs to adapt to the ever-changing business environment. Sensing this need, we have come up with these content-ready change management PowerPoint presentation slides. These change management PPT templates will help you deal with any kind of an organizational change. Be it with people, goals or processes. The business solutions incorporated here will help you identify the organizational structure, create vision for change, implement strategies, identify resistance and risk, manage cost of change, get feedback and evaluation, and much more. With the help of various change management tools and techniques illustrated in this presentation design, you can achieve the desired business outcomes. This business transition PowerPoint design also covers certain related topics such as change model, transformation strategy, change readiness, change control, project management and business process. By implementing the change control methods mentioned in the presentation, you will be able to have a smooth transition in an organization. So, without waiting much, download our extensively researched change management framework presentation. With our Change Management Presentation slides, understand the need for change and plan to go through it without any hassles.
Its all about risk, risk analysis, method, pros and cons, important factors and stake holders.
Ignoring risk does not make the risk go way. So organizations and stake holders has to accept some certain degree of risk which we called it risk tolerance.
Every organization needs to adapt to the ever-changing business environment. Sensing this need, we have come up with these content-ready change management PowerPoint presentation slides. These change management PPT templates will help you deal with any kind of an organizational change. Be it with people, goals or processes. The business solutions incorporated here will help you identify the organizational structure, create vision for change, implement strategies, identify resistance and risk, manage cost of change, get feedback and evaluation, and much more. With the help of various change management tools and techniques illustrated in this presentation design, you can achieve the desired business outcomes. This business transition PowerPoint design also covers certain related topics such as change model, transformation strategy, change readiness, change control, project management and business process. By implementing the change control methods mentioned in the presentation, you will be able to have a smooth transition in an organization. So, without waiting much, download our extensively researched change management framework presentation. With our Change Management Presentation slides, understand the need for change and plan to go through it without any hassles.
Business Continuity Plan Powerpoint Presentation SlidesSlideTeam
Showcase proactive plan to avoid & mitigate risk with our content ready Business Continuity Plan Powerpoint Presentation Slides. Create a system of prevention & recovery from possible risks using this professionally designed mitigation planning presentation deck. The visually appealing risk assessment process PowerPoint complete deck contains editable templates with relevant content & suitable graphics such as management oversight, risk management, business impact analysis, business continuity policy framework, recommend mitigations to name a few. Furthermore, the emergency management PowerPoint templates are apt to present various topics like crisis management, disaster risk reduction, scenario planning, natural hazards control, business continuity auditing and many more. Incorporate business continuity & resiliency planning PPT slides for crisis management & planning. The easy-to-use mitigation planning PPT slides also assist users to create an effective plan so that businesses can continue operating even during the time of emergency or disaster. Get access to this self-explanatory disaster recovery presentation deck now. World-class design and customer service come together to offer you these Business Continuity Plan Powerpoint Presentation Slides. Thousands of styles are available. https://bit.ly/3rjOOk2
presentation to accountants about networking with other professionals, specifically slanted towards accountants working with professional risk management advisers
In this presentation, we will discuss about risk, project risk and four broad strategies to handle risk. We will also talk about the role of buffers and contingency plan in risk management, project tracking meetings.
To know more about Welingkar School’s Distance Learning Program and courses offered, visit:
http://www.welingkaronline.org/distance-learning/online-mba.html
Hello everyone myself Tripti Pandey and I've prepared a presentation on crisis management particularly about how to manage crisis in organization/ business events. The topics my ppt include are- about crisis management, crisis management plan, importance of crisis management, crisis vs risk management and at last a real life case study. I hope it will help you for your presentations.
Finance is the procurement (to get, obtain) of funds and effective (properly planned) utilization of funds. It also deals with profits that adequately compensate for the cost and risks borne by the business
1First Example of a Good AnswerA disaster recovery plan re.docxhyacinthshackley2629
1
First Example of a Good Answer:
A disaster recovery plan recovers technology platforms and associated technology functions i.e. servers, mainframes and networks. Writing and testing a disaster recovery plan is one of the key elements of business continuity management. Traditionally business continuity and disaster recovery planning have always been separated between the business and the information technology department. A disaster recovery plan should interface with the overall business continuity management plan, be clear and concise, focus on the key activities required to recover the critical IT services, be tested reviewed and updated on a regular basis, have an owner, and enable the recovery objectives to be met.
The owner is responsible for all the activities which are held at organization and if any disaster occurred, he has to plan according to the situation and he has to prepare a disaster recovery plan to the organization. The owner has different responsibilities and he has to take care of the members who are working in the organization to prepare a disaster recovery plan. Some of the responsibilities include the following:
1. The recovery plan owner will take direct responsibility to plan, coordinate, document, test and manage the disaster Recovery efforts. Owner is also responsible and accountable to ensure all committed activities and deliverables are performed with satisfaction.
2. The owner has to perform risk analysis for functional areas to identify points of vulnerability, single points of failure and identify risk avoidance and mitigation strategies.
3. The owner has to provide training for his staff if they need know any concepts.
4. Owner should be dedicated to his work. An efficient and hardworking owner will make the business successful.
In the case of a small business, owners should plan for such eventuality and have a contingency action plan that would enable them to relocate re-source-suppliers and continue their services to their customers. Even in cases when there are only walk-ins and the customers are transients, a disaster recovery plan can provide valuable information to those end-users, clients and the dependents of those businesses services; an alternative way to have those services available to them in an uninterrupted manner. Disasters caused by natural calamities will arise suddenly. In case, if recovery plan is not made in advance, it will lead to severe disasters. Owner should be able to reach all his team members and should implement emergency plans even during sudden disasters. Owner should make fast and spontaneous recovery decisions.
Finally I want to conclude that, owner plays a key role in a disaster recovery plan because he is responsible for running the whole organization in a structured manner.
Second Example of a Good Answer:
Disaster recovery plan describes how an organization is to deal with potential disasters. Just as a disaster is an event that.
Model Attribute Check Company Auto PropertyCeline George
In Odoo, the multi-company feature allows you to manage multiple companies within a single Odoo database instance. Each company can have its own configurations while still sharing common resources such as products, customers, and suppliers.
Unit 8 - Information and Communication Technology (Paper I).pdfThiyagu K
This slides describes the basic concepts of ICT, basics of Email, Emerging Technology and Digital Initiatives in Education. This presentations aligns with the UGC Paper I syllabus.
Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
Palestine last event orientationfvgnh .pptxRaedMohamed3
An EFL lesson about the current events in Palestine. It is intended to be for intermediate students who wish to increase their listening skills through a short lesson in power point.
A Strategic Approach: GenAI in EducationPeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...Levi Shapiro
Letter from the Congress of the United States regarding Anti-Semitism sent June 3rd to MIT President Sally Kornbluth, MIT Corp Chair, Mark Gorenberg
Dear Dr. Kornbluth and Mr. Gorenberg,
The US House of Representatives is deeply concerned by ongoing and pervasive acts of antisemitic
harassment and intimidation at the Massachusetts Institute of Technology (MIT). Failing to act decisively to ensure a safe learning environment for all students would be a grave dereliction of your responsibilities as President of MIT and Chair of the MIT Corporation.
This Congress will not stand idly by and allow an environment hostile to Jewish students to persist. The House believes that your institution is in violation of Title VI of the Civil Rights Act, and the inability or
unwillingness to rectify this violation through action requires accountability.
Postsecondary education is a unique opportunity for students to learn and have their ideas and beliefs challenged. However, universities receiving hundreds of millions of federal funds annually have denied
students that opportunity and have been hijacked to become venues for the promotion of terrorism, antisemitic harassment and intimidation, unlawful encampments, and in some cases, assaults and riots.
The House of Representatives will not countenance the use of federal funds to indoctrinate students into hateful, antisemitic, anti-American supporters of terrorism. Investigations into campus antisemitism by the Committee on Education and the Workforce and the Committee on Ways and Means have been expanded into a Congress-wide probe across all relevant jurisdictions to address this national crisis. The undersigned Committees will conduct oversight into the use of federal funds at MIT and its learning environment under authorities granted to each Committee.
• The Committee on Education and the Workforce has been investigating your institution since December 7, 2023. The Committee has broad jurisdiction over postsecondary education, including its compliance with Title VI of the Civil Rights Act, campus safety concerns over disruptions to the learning environment, and the awarding of federal student aid under the Higher Education Act.
• The Committee on Oversight and Accountability is investigating the sources of funding and other support flowing to groups espousing pro-Hamas propaganda and engaged in antisemitic harassment and intimidation of students. The Committee on Oversight and Accountability is the principal oversight committee of the US House of Representatives and has broad authority to investigate “any matter” at “any time” under House Rule X.
• The Committee on Ways and Means has been investigating several universities since November 15, 2023, when the Committee held a hearing entitled From Ivory Towers to Dark Corners: Investigating the Nexus Between Antisemitism, Tax-Exempt Universities, and Terror Financing. The Committee followed the hearing with letters to those institutions on January 10, 202
Biological screening of herbal drugs: Introduction and Need for
Phyto-Pharmacological Screening, New Strategies for evaluating
Natural Products, In vitro evaluation techniques for Antioxidants, Antimicrobial and Anticancer drugs. In vivo evaluation techniques
for Anti-inflammatory, Antiulcer, Anticancer, Wound healing, Antidiabetic, Hepatoprotective, Cardio protective, Diuretics and
Antifertility, Toxicity studies as per OECD guidelines
1. Planning for the Unexpected:
Human Resource Risk and
Contingency Planning
Maria I.Marshall and Corinne Alexander
Department of Agricultural Economics
Purdue Extension
EC-736
Small businesses are confronted by many different
types of risk: production,marketing,financial,legal,
and human.Managers generally spend most of their
time dealing with production,marketing,financial,
and legal risks and give little consideration to human
resource risk and how the absence of key personnel can
affect their business.This is a serious oversight because
people are the key component in many risk manage-
ment strategies.
Human resource risks are events that prevent employ-
ees from fulfilling their responsibilities and thus keep
the business from operating at full efficiency.Human
resource risks include but are not limited to:
• Death
• Disability (temporary or permanent)
• Divorce
• Management Error/Incompetence
• Unexpected Temporary Leave
• Poor Employee Management Practices
• Employee Turnover
One way that you can combat human resource risk is
by writing a contingency plan.A contingency plan is a
structured way of deciding what to do if key operations
are disrupted or key personnel are not available.It can
help you identify and prevent or modify the impact of
unacceptable risks.It helps you recognize the best pos-
sible options and ensures that your risk management
dollars are spent wisely.
Writing a Contingency Plan
A contingency plan is a set of procedures that defines
how a business will continue or recover its critical func-
tions in the event of an unplanned disruption to normal
activities.It allows you to assess your business opera-
tions and processes to determine how well the busi-
ness can function when key resources,such as critical
personnel,are not available.
When writing your contingency plan you should use the
knowledge and input of your business’s key employees
and outside stakeholders,such as your banker,accoun-
tant,insurance agent,and lawyer.You may also want to
include family members who are not currently involved
in the business but may have a future interest.You
should establish a planning team in order to share the
responsibility among key personnel.This is important
because key employees and other team members will
be a critical part of any recovery strategy that you put
together.An added advantage of including employees in
your planning team is to reassure employees that their
jobs are secure even as you are preparing and imple-
menting the plan.
A contingency plan consists of six main sections:
• Executive Summary
• Risk Management Goals
• Risk Assessment
• Business Impact Analysis
• Risk Management Strategies
• Plan Maintenance
2. Purdue Extension • Knowledge to Go
Writing a contingency plan is a continuous process.
Once you decide which risk management strategies
make sense for your business,you may need to re-assess
the risks in your original plan.You should not be dis-
couraged if this causes you to rewrite several sections.
This often leads to an even better understanding of your
business and how everyone in it fits together.The execu-
tive summary is the first section of your contingency
plan.However,it is the last section you should write and
so is discussed at the end of this publication.
Risk Management Goals
In this section,you should identify your risk manage-
ment goals.The purpose of risk management goals is
to reduce uncertainty.For example,you may want to
reduce employee absence or accidents,which reduces
uncertainty about labor availability.Risk management
goals can also be about managing business opportuni-
ties.For example,you may want the business or farm to
stay within the family,which reduces uncertainty about
the continuation of the business.Risk management
goals help you decide which opportunities and risk
management strategies to pursue.
Risk Assessment
This section of the contingency plan is about identify-
ing and assessing the risks to the business.You should
pinpoint the events that could cause financial or opera-
tional harm to the business.
For each event,evaluate both the probability of occur-
rence and the consequence or impact of occurrence on
a scale of 1 to 10,where 1 is low and 10 is high.You can
think of the consequence of the event both in terms of
severity and cost to the business.The first event in Table
1 is an owner of a business identifying as a possible risk
a car accident that prevents or her from fulfilling her
normal duties for six weeks.The owner rates the prob-
ability of a car accident at between 2 and 3.She rates the
consequence of being unable to fulfill her duties for six
weeks at 8.Use Worksheet 1 to list the events that pose a
threat to your business.
Figure 1. The Risk Matrix
Once you have rated the probability and consequences
of each event,you can place them all on the risk matrix
as shown in Figure 1.In event 2,the owner passes away;
he is 80 years old and did not write a succession plan.
The owner rates the probability very high at 8 and the
consequence also very high at 8.Event 2 demonstrates
the importance of succession planning.If the 80-year-
old business owner had a succession plan,the conse-
quences to the business would be reduced to around
2.Introducing a succession plan moves the location of
event 2 on the risk matrix from high consequence to low
consequence,as shown by the arrow.Part of successful
contingency planning is to identify areas in which risk
management,such as succession planning,is needed.
Rate the probability and consequence (severity, cost)
of each event on a 1-10 scale (1=Low, 10=High).
Event Probability Consequence
1. Owner in car accident,
out 6 weeks. . . . . . . . . . . . . . . . 2-3 . . . . . . . . . . . 8
2. Owner, 80, passes away. . . . . 8 . . . . . . . . . . . . 8
3. Owner, 35, passes away. . . . . 1 . . . . . . . . . . . 10
4. New employee quits. . . . . . . . 3 . . . . . . . . . . . . 3
5. Employee injured on
farm equipment. . . . . . . . . . . . 5 . . . . . . . . . . . . 5
Table 1. Risk Assessment List:
What Risks Does Your Enterprise Face?
3. Purdue Extension • Knowledge to Go
In event 3,a young owner (35 years old) passes away.
The owner rates the probability very low at 1,but
believes the consequences for the business will be dev-
astating at 10.Event 4 identifies the probability of a new
employee quitting at 3 and consequences also low at 3.
In event 5,an employee is injured on farm equipment,
which is a common occurrence,and the consequences
vary greatly,so the owner rates both the probability and
consequences at 5.
You should answer two main questions in this section of
the contingency plan:
1. What are the events that could harm my busi-
ness or reduce my ability to accomplish my risk
management goals?
2. On a scale of 1 to 10,how likely is it that the event
will occur?
Business Impact Analysis
You can assess the impact of an event on a business
in three ways: operating impact,financial impact,and
legal impact.Operating impact is loss of operating ef-
ficiency,such as decrease of sales or production volume
due to the absence of key employees.It can be as simple
as not having someone to answer the phone.Loss of
customers,increased costs,and cash flow problems are
examples of financial impact.Legal impact involves
the inability to fulfill business contracts with suppliers,
customers,or vendors.In many ways,these impacts are
interrelated.For example,hiring inexperienced tempo-
rary personnel to cover the day-to-day duties of an in-
jured business owner might lead to decreased operating
efficiency and cash flow problems,which might mean
the business cannot pay its vendors,thereby causing a
decrease in the business’s credit rating and a lawsuit.
This section also includes identifying critical functions
within the business and how the loss of key personnel
will affect those functions.You should ask yourself the
following questions:
• What are the critical functions performed by each
individual?
• How will the event (loss of key personnel) affect
that function?
• What are the consequences or impacts on the
business (operating,financial,and legal) if that
function is not completed?
• How long can that function remain deficient?
When you think about the recovery timeframe,you
should try to determine whether that particular func-
tion has to be covered immediately in order to keep
the business going or if it can be part of a long-term
recovery strategy.
Risk Management Strategies
Now that you have identified the risks to the business,
their probability,and their consequences,you should
prioritize and begin to establish management strate-
gies for those risks.As a small business owner,you can
decide to retain,reduce,avoid,or transfer the risks you
detailed in the risk assessment section.The risk matrix
can then guide your choice of risk management strategy.
Depending on where the event lies on the risk matrix in
Figure 2,there are four corresponding risk management
strategies depicted.Use Worksheet 2 to locate the events
you identified in Worksheet 1 on the risk matrix.This
will help you choose your risk management strategy.
Figure 2. The Risk Matrix Guides the Choice of
Risk Management Strategy
4. Purdue Extension • Knowledge to Go
With a risk avoidance strategy,the business takes action
to avoid the risk.Typically,this means the business
chooses not to undertake an activity.For example,a
farmer may decide not to grow strawberries because
she does not have enough reliable labor to pick the
strawberries.Event 2 falls into the avoid category; the
business owner could avoid the severe negative conse-
quences to the business with a succession plan.
A risk reduction strategy requires you to take action to
reduce either the probability or consequence of the risk
or both.Typical examples include worker safety train-
ing and safety equipment,both of which are appropri-
ate measures to address event 5.In the case of event 2,
the business owner can invest the time and money to
develop a succession plan or will.
Unanticipated events will inevitably occur,and,when
you choose to retain those risks that are of low conse-
quence to the business,you are choosing a risk retention
strategy.Businesses face many small risks,such as a
new employee quitting or a customer’s bounced check,
and these events are seen as the cost of doing business.
You can invest time or money to protect the business
when these events occur.A rainy day fund is a common
riskretentionstrategy,savingmoneywhenthebusiness
is doing well to be able to minimize the impact of
customer’s bounced checks and the like.
A risk transfer strategy requires that you transfer the
risk to a third party,such as an insurance company.
The insurance company will pay an indemnity when
the event occurs.Typical insurance options for farmers
include crop insurance or revenue insurance.Liability
insurance,disability insurance,key personnel insur-
ance,and life insurance are types of insurance that
small businesses should investigate.In event 1,the busi-
ness will be better off if the owner has car insurance
and disability insurance.In event 3,the business may
survive if the owner’s life insurance provides sufficient
cash to allow the spouse or partners to learn how to
fulfill the owner’s duties.
Eachstrategyshouldincludetherolesandresponsibilities
of everyone involved in the recovery stages of an event.
It should also include the procedures to be followed if
that event should occur.The main questions to be an-
swered in this section are:
• What are the resources required to continue to
perform critical functions?
• How can the business decrease the likelihood of
an event occurring?
• How can the business lessen the impact of an
event?
Executive Summary
The executive summary in its basic form should tell the
reader who is involved in the plan and what events are
considered.It should also summarize the risk manage-
ment strategies used in the plan.The executive sum-
mary is the last thing you write but the first section of
the contingency plan.
Plan Maintenance
It is important that you keep the contingency plan up to
date and revise it at least once a year.The plan should
reflect any changes in the business.You should identify
ways to keep the plan fresh and relevant.
Next Steps
Use Worksheets 1 and 2 to list your human resource
risks and identify your risk management strategies.
Then write your contingency plan.Besides human
resource risk,you can use a contingency plan to identify
risk management strategies associated with production,
marketing,financial,and legal risks.
Remember that writing a contingency plan is a continu-
ous and evolving process.It can be time consuming
but it is the best process to assess the efficiency of your
business operations and how well your business can
recover from serious disruptions.
Acknowledgements
We would like to thank the North Central Risk Manage-
ment Education Center for their support.
5. Purdue Extension • Knowledge to Go
Resources
Fetsch,Robert J.“From Risk to Resilience in Agriculture:
The Human Resource.”Colorado State University
Cooperative Extension (Rev.9.049).
Goggins,Kelly.(2003).“Contingency Planning 101.”
Contingency Planning and Management.
Found at www.contingencyplanning.com.
Green,Joanna.“Managing People Risks.”Managing Risk.
Found at www.agrisk.cornell.edu.
Joerger,Paul.(2002).“Profiting from Risk.”Ag News and
Views.Found at www.noble.org/ag/Economics.
McGrann,James M.,Fred DeLano,and Dean McCorkle.
(1998).“Farm and Ranch Personnel Management.”
Texas Agricultural Extension Service (RM8-1.0).
Scarborough,Norman M.and Thomas W.Zimmerer.
(2003).Effective Small Business Management:An Entre-
preneurial Approach.New Jersey: Pearson Education,
Inc.,632-367.
Swigert,Steve.(2003).“Who Is Going to Get the Bulk of
Your Estate?”Ag News and Views.
Found at www.noble.org/ag/Economics.
Taylor,Ben.(2003).“The Big Picture.”Disaster Resource
Guide.Found at www.disaster-resource.com/articles/
intro_plan_taylor.
United States Department of Agriculture.(1999).
“Introduction to Risk Management.”
Found at www.rma.usda.gov/pubs
White,Jerry.“The Big Five Types of Agricultural Risk.”
Found at www.agrisk.cornell.edu.
6. Purdue Extension • Knowledge to Go
Worksheet 1. What Human Resource Risks Does Your Enterprise Face?
Rate the probability and consequence (severity, cost)
of each event on a 1-10 scale (1=Low, 10=High).
Event Probability Consequence
1. _ ______________________________________ _______________ _______________
2. _ ______________________________________ _______________ _______________
3. _ ______________________________________ _______________ _______________
4. _ ______________________________________ _______________ _______________
5. _ ______________________________________ _______________ _______________
6. _ ______________________________________ _______________ _______________
7. _ ______________________________________ _______________ _______________
8. _ ______________________________________ _______________ _______________
9. _ ______________________________________ _______________ _______________
10. _ ______________________________________ _______________ _______________
11. _ ______________________________________ _______________ _______________
12. _ ______________________________________ _______________ _______________
7. Purdue Extension • Knowledge to Go
Worksheet 2. Risk Assessment Matrix
Locate the events you identified in Worksheet 1 on the risk matrix. This will help
you choose your risk management strategy.
8. Visit the Purdue New Ventures Team Web site
http://www.agecon.purdue.edu/newventures
for more information on the topics discussed in this publication and for other resources
to help you decide whether to start a new agriculture- or food-related business.
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Notes