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Bookmark or Share- What Is Contingency Planning? [+ Examples] - HubSpot BlogSimply put, a contingency plan is an action plan designed to help organizations respond to a potential future incident. Think of it as a backup plan, or plan B to guide organizations through a worst-case scenario. Contingency plans are helpful for all types of organizations, from businesses to non-profits, to government organizations.
- Contingency plan examples: A step-by-step guide to help your ...Contingency planning is the art of preparing for the unexpected. But where do you start and how do you separate the threats that could do real harm to your business from the ones that aren’t as critical? Here are some important definitions, best practices and strong examples to help you build contingency plans for whatever your business faces.
- Use a Contingency Plan to Protect Your Business [2024] • AsanaA business contingency plan is a backup strategy for your team or organization. It lays out how you’ll respond if unforeseen events knock your plans off track—like how you’ll pivot if you lose a key client, or what you’ll do if your software service goes down for more than three hours.
- What Is Contingency Planning? Creating a Contingency PlanThe term contingency planning refers to the process of preparing a plan to respond to any risks or unexpected events that might affect an organization. Contingency planning starts with a thorough risk assessment to identify any risks and then develop a contingency plan to resolve them or at least mitigate their negative impact.
- Contingency Planning Essentials | SmartsheetA contingency plan is a proactive strategy that outlines the actions a person or entity will take in response to a potential future event. Businesses often develop contingency plans to prepare for risks and mitigate their impact on the business. What Is Business Contingency Planning?
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