Common · Knowledge
Contingency plan
Plan in case something unexpected occurs, which is often used for risk management
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. It is often used for risk management for an exceptional risk that, though unlikely, would have catastrophic consequences.
From Wikipedia
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. It is often used for risk management for an exceptional risk that, though unlikely, would have catastrophic consequences.
Text: Wikipédia, CC BY-SA 4.0. ·
Related cards
-
★★★★
Business plan
Formal written document containing business goals, the methods on how these goals can be attained, and the time frame within which these goals need to be achieved
-
★★★
Strategic planning
An organization's process of defining its strategy, direction, and making decisions on allocating its resources to pursue this strategy
-
★★★
Contingency theory
Organizational theory concerning companies
-
C★★★
Contingency (philosophy)
Status of propositions that are neither always true nor always false
-
★
Manufacturing resource planning
Process of production planning and control
-
★★★
Planning
Process of determining the activities required to achieve a desired goal