Which of these is one type of contingency plan?  A. Production plan  B. Incident response plan  C. Disaster recovery plan  D. Investment plan

What are some common elements contained in incident response plans? Select two answers.1 point

Which of the following describes the primary goal of a firm? A. tactical plan B. mission statement C. operating plan D. bottom-up plan E. contingency plan

Multiple Choice QuestionWhat is the purpose of a contingency fund in executing a response to an opportunity (positive risk) occurring?Multiple choice question.To take advantage of opportunitiesTo eliminate project risksNone, it is not built into the original plan

A plan that is developed for risks that have a high impact on meeting project objectives and are implemented if attempts to reduce the risk are ineffective is referred to as:Group of answer choicesManagement ReserveContingency planFallback PlanContingency Reserve

Multiple Select QuestionSelect all that applyIdentify the two statements that are correct and explain the distinction between a risk response plan and a contingency plan.Multiple select question.Contingency plans go into effect before a risk occurrence happens.Contingency plans go into effect after a risk occurrence happens.Risk response plans are initiated before the risk occurs.Risk response plans are initiated after the risk occurs.