Question

An ongoing process supported by senior management and funded to ensure that the necessary steps are taken to identify the impact of potential losses, maintain viable recovery strategies and recovery plans, and ensure continuity of services through personnel training, plan testing, and maintenance is called ________.

Answer 1

The ongoing process supported by senior management and funded to ensure the necessary steps are taken to identify the impact of potential losses, maintain viable recovery strategies and recovery plans, and ensure continuity of services through personnel training, plan testing, and maintenance is called business continuity planning (BCP).

Step-by-step explanation:

The ongoing process supported by senior management and funded to ensure the necessary steps are taken to identify the impact of potential losses, maintain viable recovery strategies and recovery plans, and ensure continuity of services through personnel training, plan testing, and maintenance is called business continuity planning (BCP).

BCP is a proactive approach that helps organizations prepare for and navigate through disruptions that may arise from various causes such as natural disasters, cybersecurity attacks, or other unexpected events. It involves conducting risk assessments, developing contingency plans, establishing communication and response protocols, training employees, and regularly testing and refining the plans to ensure they remain effective.

Implementing BCP helps organizations minimize the impacts of disruptions, protect critical assets, maintain operations, and recover quickly, thereby safeguarding the interests of stakeholders and ensuring the continuity of services.

Answer 2

Answer: business continuity plan

Explanation:

A Business Continuity Plan (BCP) is a program endorsed by top management that makes it likely that the appropriate measures are taken to determine the effects of possible losses, implement effective recovery plans, and track organizational consistency through employee training, plan to monitor, and maintenance.

Organizations with solid BCPs tend to be able to rebound from natural calamities and other crises much more efficiently. In simple words,Business continuity preparation is the idea of creating preventive and restoration plans to resolve possible threats to a company.