25 January

The Importance of Threat Assessment and Contingency Planning

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Threat assessment and contingency planning are important components of any business strategy. The worst crisis is the one that the business doesn’t see coming. And that’s why it is vital that the organization knows about the threats to their operations, and come up with a plan that can reduce threats’ impact when they happen. 

Labor unrest and strikes can disrupt the daily operations of the company, and harm the reputation of the organization. In the worst case scenario, facilities can get damaged and workers injured. Effective threat assessment and contingency planning is required if businesses want to prevent occurring losses due to manufacturing and delivery delays, lawsuits, and violations of labor laws. 

The efficiency of the business depends on its workers, which is also the company’s most vital asset. And by keeping them happy and satisfied, their productivity is maintained at a maximum level. But there are some instances in which your employees become dissatisfied with something that upper management can’t do anything about it. When things go wrong, the bottom line of the business will be greatly affected. 

By employing risk management, the business can help minimize risks and disruptions to their operations during labor unrest. Threat assessment and disaster planning can help the business be prepared for the worst. By knowing the threats to the business, they can act right away and prevent any wrongdoings from happening by employing more security measures. 

Keeping the business safe from labor unrest and union strikes is vital to the success of the company. Risk mitigation allows the company to plan ahead and be prepared for unexpected events. The company must also have a continuity plan that can reduce the risks and liabilities in the future. 

A company that only considers the best case scenarios for the business will not last long. By anticipating the risks to the company, they will be able to come up with a business strategy that can help the company able to cope with events in the future. The more risks that the business can anticipate, the better the company is able to meet the challenges that can occur. 

Risk management and contingency planning are only as good as the plans developed to mitigate the damages to the company in the future. There are several types of mitigation strategies that allow the business to limit the effects of future issues to the business. These include improvements to the facilities, proper planning for any event, security assessments to allow for continuity of business during high risk events. The strategies can help the company deal with the problem without worrying about disruptions in the operations. 

Aside from labor unrest, disruptions can also occur when there’s a natural disaster or power outage. Contingency planning can help minimize the loss and delay of production. The plan can include the use of power generators, rerouting of data, or escape routes for workers. The plan can also include how the company will be able to get the production up and running in the event of unforeseen scenarios. This will spell the difference between a business that can survive the disaster and one that fails. While a contingency plan has expenses connected to it, they are minimal compared to the cost of production loss due to unforeseen reasons. 

With a clear plan of action, employees will not panic. The plan will tell the employees what to do, instead of waiting for instructions. Order can be maintained as soon as possible. By preventing panic to set in, managers are able to focus on recovery operations to prevent further losses. 

While managers and business owners have some knowledge on how to handle a crisis, there are times when their plan is not comprehensive. Through contingency planning, people in charge will be able to evaluate all the factors and potential results of a disaster. By creating a contingency plan, managers are able to look at the bigger picture instead of just looking at a series of unrelated steps. 

Companies should not wait for labor unrest or any other disaster from happening before doing a threat assessment and contingency planning. Business owners should be proactive and come up with a plan even if any disruption of the operations is far from happening. 

Contingency planning is also just the first step. The company must also provide regular training with regards to the plan to keep the employees refreshed. The plan should not go stale, or else it will be useless once disaster strikes. And preparations should include checking whether the equipment is in good working condition. Backup generators will be useless if there is no standby fuel for them.

Read 1574 times Last modified on Monday, 25 January 2016 14:10
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George Gamble

Mr. Gamble’s impressive military background includes service with the United States Army, 82nd Airborne Division and 1st Battalion 75th Ranger Airborne. Mr. Gamble maintained a Top Secret Clearance due to the sensitive nature of his military obligations. Mr. Gamble is presently involved in investigations of high-profile cases and is certified to instruct executive protection for select clients. George maintains an active profile in the international protective environment, investigations and consulting. With a combined total of 30 years of experience, Mr. Gamble has served as a Site Commander, Site Coordinator and Detail leader for Fortune 500 and Fortune 50 companies, to include research and development for deep water organizations.

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