theleaderboy.com
Contingency Plan- Definition, Importance & How To Create One
A business contingency plan is an emergency action plan for your group or company. It outlines how you’ll react if unexpected situations cause your plans to fail, such as how you’ll reverse course if you lose an important client or what will be you do if your software service is down for longer. Planning ahead for unexpected business-impacting crises is known as contingency planning.
