Understanding Operational Risk: Key Concepts and Management Strategies

Strategic Planning Basics

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The PACE planning tool is a simple framework developed by the military and now widely used in emergency planning and operational settings. It helps ensure critical operations keep running smoothly by building in backup options. PACE stands for Primary, Alternate, Contingency, and Emergency plans. Key Principles Redundancy: The plan includes several independent steps, so a single failure doesn’t knock out the entire system. Prioritization: It sets a clear order for which systems to use first, sec

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5 Key Effective Risk Analysis Methods for Your Business