What are the benefits and challenges of using simulation exercises for contingency planning testing?
Contingency planning is the process of preparing for potential disruptions, risks, or emergencies that could affect your organization, such as natural disasters, cyberattacks, or pandemics. It involves identifying scenarios, developing response plans, assigning roles and responsibilities, and allocating resources. But how do you know if your contingency plans are effective, realistic, and adaptable? One way to test them is by using simulation exercises.