Making the most efficient before-the-loss arrangement for an after-the-loss continuation of business is called Risk...

Risk management is defined as the process of planning and implementing measures before a loss occurs to ensure that, should an adverse event happen, the business can continue operations with minimal disruption. It includes the design of preventive controls and the establishment of contingency plans to safeguard continuity after loss.

References from PSP: ASIS POA – Business Continuity and Risk Response Planning; PSP Guide – Continuity and Crisis Management Principles