Part of the Business terms glossary:

What is a contingency plan?

In business continuity and risk management, a contingency plan is a process that prepares an organization to respond coherently to an unplanned event. The contingency plan can be also used as an alternative for action if expected results fail to materialize.  A contingency plan is sometimes referred to as "Plan B."

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Contingency and continuity planning

Tutorial: Contingency planning

This was last updated in November 2008
Posted by: Margaret Rouse

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