What contingency planing?

Answer 1

Contingency planning is the process of preparing for unforeseen events or emergencies that could disrupt normal operations. It involves identifying potential risks, developing strategies to mitigate those risks, and outlining specific actions to take if a crisis occurs. Effective contingency planning ensures that organizations can respond quickly and efficiently, minimizing impact and ensuring continuity of operations. This process is essential for risk management and helps organizations navigate uncertainty.