Pete, the Chief Executive Officer (CEO) of a company, has increased his travel plans for the next two years to improve business relations. Which of the following would need to be in place in case…

Succession planning is a business continuity strategy that identifies and develops internal candidates to fill critical leadership positions such as CEO when the incumbent is unable to perform their duties due to travel, incapacitation, or other circumstances. With the CEO traveling extensively for two years, the organization needs a defined plan for who assumes decision-making authority and how critical business functions continue. This directly addresses the risk of a single point of failure in executive leadership.

Disaster recovery focuses on restoring IT systems and infrastructure after a disruption and does not address the loss or unavailability of key personnel.

Separation of duty is a fraud-prevention control that divides critical tasks among multiple people and is not a continuity plan for an absent executive.

Single loss expectancy is a quantitative risk metric used in calculations and is not a control or plan that can be implemented to address personnel continuity.