What is risk management and what role does it play in disaster recovery planning
1What is risk management and what role does it play in disaster recovery planning? What disaster recovery plan have you witnessed in an organization?
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What are the differences between a business continuity plan, a disaster recovery plan, and an incident response plan? How do they relate to each other and when are they used? What business continuity plan or incident response plan have you witnessed in an organization?
…………..Answer Preview……………….Risk management is often defined as the process of identification of risks, prioritization of risks and assesment of uncertainties that can occur in an organization. Risk management plays a significant role in disaster management. Risk management helps to test the plan in order to identify any uncertainties that can arise in the organization. In case of a disaster, risk management helps to control the probability of any loss occurring. In most cases, risk management helps to reduce the impact of a disaster hence improving business continuity. Risk assessment also helps to share losses and also transfer the losses to insurance companies hence preventing a disaster occurring in the business. Moreover, risk ………………
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