What is the purpose of contingency planning?

“The purpose of any contingency plan is to allow an organization to return to its daily operations as quickly as possible after an unforeseen event. The contingency plan protects resources, minimizes customer inconvenience and identifies key staff, assigning specific responsibilities in the context of the recovery.”

What is the purpose of a contingency plan project management?

A contingency plan in project management is a defined, actionable plan that is to be enacted if an identified risk becomes a reality. It is essentially a “Plan B”, to be put in place when things go differently than expected.

What are the key concepts of contingency planning?

The key elements of a contingency plan are “protection, detection, and recoverability.”

What is the purpose of a contingency plan quizlet?

Contingency plans describe the steps necessary to keep business going when unexpected problems occur and prevent one or more staff members from performing their usual tasks using automated practice systems.

What is a contingency plan example?

A contingency plan is a plan for a “what if” scenario that could ruin your project or business. A simple example of a contingency plan is to back up all website data in case a website gets hacked. If this scenario happens, it’s easy to restore the data after regaining access and changing passwords.

What is good contingency plan?

Your contingency plan should include a step by step guideline for what to do in case the event has occurred and how to handle the situation. Furthermore, it should also include information about the key personnel to reach out to including their up to date contact information.

Who is responsible for contingency planning?

Senior leadership has overall responsibility for contingency planning, including funding the work to develop, test and maintain the plan. Many organizations appoint a contingency plan coordinator or manager who has overall responsibility for developing and maintaining the plan.

What is another name for contingency planning?

Scenario planning is the other name of contingency planning.

What are the four components of contingency planning?

The Inter-Agency Contingency Planning Guidelines for Humanitarian Assistance endorsed by the IASC outlines four key steps in the contingency planning process: preparation, analysis, response planning, and implementing preparedness.

What is contingency planning quizlet?

– A Contingency plan is a plan devised for a specific situation when things could go wrong. Plans which are developed for possible operations where the planning factors ( e.g. scope, risks, area of responsibility etc.) have been identified or can be assumed.

What are the components of contingency planning quizlet?

Answer: The broad process of planning for the unexpected is called contingency planning. Its major components are business impact analysis, incident response planning, disaster recovery planning, and business continuity planning.

What are key components of a contingency plan quizlet?

What are key components of a contingency plan? cost estimates in the planning, not execution phase, defining the event that will initiate/trigger the plan into action, and all parties affected should have the authority to make commitments.

What is contingency planning process?

A contingency plan is a course of action designed to help an organization respond effectively to a significant future incident, event or situation that may or may not happen.

What are the five main stages of contingency planning?

The following are the five basic steps of contingency planning for epidemic, pandemic, or other emergency situations.

  • Program Management. …
  • Planning. …
  • Implementation. …
  • Testing & Exercise. …
  • Program Improvement.


What is the very first step for contingency planning?

To develop a contingency plan, first conduct a risk assessment: identify your business-critical operations, identify the threats to those operations, and analyze the potential impact of each threat. Then, include the following points for each threat: Scenarios.

What is a contingency plan quizlet?

– A Contingency plan is a plan devised for a specific situation when things could go wrong. Plans which are developed for possible operations where the planning factors ( e.g. scope, risks, area of responsibility etc.) have been identified or can be assumed.

What are the four components of contingency plan?

The Inter-Agency Contingency Planning Guidelines for Humanitarian Assistance endorsed by the IASC outlines four key steps in the contingency planning process: preparation, analysis, response planning, and implementing preparedness.

What is contingency plan in disaster management?

A management process that analyses disaster risks and establishes arrangements in advance to enable timely, effective and appropriate responses.