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- DictionaryCon·tin·gen·cy plan/kənˈtinjənsē plan/
noun
- 1. a plan designed to take a possible future event or circumstance into account: "contingency plans for dealing with oil spills"
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Jun 15, 2024 · A contingency plan is the way that your team should react if there is something that interrupts the normal course of business. Contingency plans are often found...
The meaning of CONTINGENCY PLAN is a plan that can be followed if an original plan is not possible for some reason.
A contingency plan is a strategy designed to help businesses respond effectively to negative events or incidents that may happen in the future.
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. A contingency plan is sometimes referred to as "Plan B" or a backup plan because it can also be used as an alternative action if expected results fail to materialize.
A contingency plan, or alternate plan, also known colloquially as Plan B, is a plan devised for an outcome other than in the usual (expected) plan. [1] It is often used for risk management for an exceptional risk that, though unlikely, would have catastrophic consequences.
CONTINGENCY PLAN definition: a plan that is made for dealing with an emergency, or with something that might possibly happen and…. Learn more.
Jul 12, 2023 · What is a contingency plan? Business contingency plans, also known as “business continuity plans” or “emergency response plans” are action plans to help organizations resume normal business operations after an unintended interruption.
noun. a course of action to be followed if a preferred plan fails or an existing situation changes. a plan or procedure that will take effect if an emergency occurs; emergency plan. Discover More.
CONTINGENCY PLAN meaning: a plan that is made for dealing with an emergency, or with something that might possibly happen and…. Learn more.
Jan 13, 2023 · Simply 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.
