When planning a process, why is it necessary to account for unexpected circumstances?
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When planning a process, why is it necessary to account for unexpected circumstances?
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- Please see the question and scenario.Explain the importance of conducting a Business Impact Analysis (BIA) in the development of a continuity plan. What information does it provide, and how does it inform decision-making?In the context of continuity planning, what is the significance of a Business Impact Analysis (BIA)? How does it inform decision-making?
- Exercise - Black Swan Events Background: You know that a black swan event is characterized by three common elements: The event is a surprise to the vast majority of observers, almost everyone. The event has major impact. . Rationalization emerges by hindsight, as if it should have been anticipated. Actions Required and Questions to answer: . Should lack of preparation for black swan events be viewed as lapse of responsibility in our role as PMs? Is it possible to have a beneficial black swan event that helps a project? If so, give some examples. . While black swans cannot be accurately predicted (which is why they are black swans to being with), it’s interesting to try to imagine a future event that could disrupt a given project, sometimes forever in the sense that the project may never get completed. Below are brief descriptions of large projects. Suggest plausible black swan events that could disrupt these projects, outlining probable impacts…Which are the Major Decisions for Effective Processes?Student Advising DSS If such a system is to be introduced here in this institution, would you use it? Why or why not?