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Examine the Factors to be considered when compiling schedule, aim and objectives, Deliverables in a project management plan Introduction to theme: Business Recovery In the
Examine the Factors to be considered when compiling schedule, aim and objectives, Deliverables in a project management plan
Introduction to theme: Business Recovery In the long term, businesses need to be prepared to face the unexpected, many fail because the are unable to recover from unexpected events such as political disruption, natural disasters, and pandemics. Business continuity planning allows businesses to maintain or quickly resume function in the event ofa major disruption. Essentiallyr business continuity is like having a backup plan thos outlines procedures and instructions for staff members in the event of a disaster. The recent CD'v'lD1 9 global pandemic dramatically impacted industry across all sectors, inevitabl affecting disproportionately those businesses that exist to support social interactions and placing strains on both supply and demand. As the pandemic continues to affect industry: lockdown pen'odsr and international and local restrictions on movement have led to a huge drop in revenue and a situation of emergency due to nancial difficulties: . Dramatically lower revenues . |[Ziperational and financial challenges, including issues with liduidity, debt repayments or hcwt develop \"smart capex" on assets to maintain tariffs andlcr competitive advantage. - Uncertainty about the timing and speed of the recovery depending on the arrival of treatments fo the virus in order to retum to \"normal\" To meet the challenges posed by unexpected events and disasters, businesses around the world need to react in agile and decisive ways. This involves businesses identifying capabilities and needs to strengthen, refactor, reopen, rehire, rebudget, resupply, by creating long term plans that allow for scaling up. An "afteraction review\" to collect data and insights on lessons learned, and then using these to prioritise actions to enhance business value today, businesses will build strategic resilience for tomorrow. Businesses that talre these steps new will be wellplaced to capitalise more effectively on the opportunities during business recovery, and to continue winning in their marketplaces as greater certainty and stability returnStep by Step Solution
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