Question : Which of the following is not a step in the process of developing a contingency plan?
Option 1: Identifying potential risks
Option 2: Assessing the probability of risks
Option 3: Ignoring potential risks
Option 4: Developing response strategies
Correct Answer: Ignoring potential risks
Solution : The correct answer is (c) Ignoring potential risks
Developing a contingency plan involves assessing and preparing for potential risks and uncertainties that could impact an organization's operations. Ignoring potential risks is not a valid step in the process. Instead, it is important to identify, assess, and address risks in order to mitigate their impact and ensure business continuity.
Ignoring potential risks is crucial to acknowledge and consider potential risks in the development of a contingency plan to enhance preparedness and response capabilities.
