Contingency planning is a risk mitigation process for developing back-up plans

Contingency Planning
Contingency planning is a risk mitigation process for developing back-up plans in anticipation of events (scenarios) that might disrupt ‘business as usual’. Business continuity planning is an expanded version of contingency planning that typically encompasses a more comprehensive and extended response plan for getting back to ‘business as usual’. In a well-formatted, highly detailed research paper, address the need to contingency planning, ensuring to address the following items:
(1) Benefits of scenario events/planning. (2) Questions to consider when implementing scenario planning. (3) The common types of scenario planning.

 

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