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It ensures that the business operations of an enterprise or organization will not be disrupted should there be unforseen event/s.
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What are contingency plans?
A contingency plan is what to do if a possible future event or circumstance suddenly changes.
Why contingency approach to management is important?
It is important to have contingency plans in management so that options are available if a crisis occurs. Contingency plans should be put in writing and in a place that all management can easily get to, if needed.
Why should the contingency plans be people- oriented or people-centric?
beacause peole are crazy so the contingency plans be people- oriented or people-centric?
Why are contingency strategies important?
Contingency strategies are important because sometimes, plans fail. If you have a contingency strategy for your business, then you won't have to start over completely.
Nuclear bombs were used in Vietnam?
Contingency plans were drawn up for their use, and Westmoreland did discuss the matter with the Commander in Chief; it remained a contingency plan.
What information will be helpful when traveling on a sail boat?
Prevailing winds, tides, currents, weather patterns at the time of year, amount of water & food necessary, safety & emergency supplies, contingency plans, can I go too?
What is the role of contingency planning in the strategic management process?
Contingency places a very important part. It's important to keep the various contingents informed of all plans.
The outcome of situational analysis is?
The outcome of a situational analysis is a comprehensive understanding of the internal and external factors that can impact an organization. This analysis helps identify strengths, weaknesses, opportunities, and threats, which can inform strategic decision-making and planning processes.
What sorts of things should risk management and contingency plans encompass?
Action, Outcome, Goals, Objectives
Setting contingency plans in an organization is considered very important today mainly because?
The business environment is unpredictable. An organization that does not have contingency plans in place to cope with the changing conditions is gambling on the operating landscape remaining constant. History shows that such a gamble has very poor odds.
You want to make an project on preparation disaster contingency plans please help?
i have no answer so please please leave me
Who should be involved in the design and development of risk management and contingency plans for a project?
The stakeholders (anyone who has an invested interest in the project at hand) should be included to raise potential threats or hazards and allow for the project manager to establish contingency plans in the planning phase. Good communication and planning can create effective contingency plans via holding a meeting with key stakeholders. Thus, when a calculated risk occurs the contingency plan is ready to implement immediately. If a crisis were to occur from unforeseen threats or risks such as a force of Mother Nature, then this would be dealt with by a crisis management team collated from select managers of project operations and the project manager. Crisis management slightly differs from risk management and has its own set of contingency planning stages (to be incorporated into a project manager's plans).
