0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Importance of contingency plan?
A contingency plan is like a backup plan. It is vital to have one in any business. That way, if the current business plan fails, the owner will have another option.
Importance of project contingency plan?
The importance of a project contingency plan is that it allows the Project Manager to deal with known risks with more confidence. Contingency planning prevents the "panic mode" situation when we face risks, as it incorporates risks into the schedule.
What is the difference between contingency planning and emergency planning?
Contingency plannings take into account s ituations not being part of nominal operations but already foreseen. Emergency planning is a typical unforeseen contingency situation for which a specific emergency plan must be issued. The goal is to define the GUIDELINES to be adopted in case EMERGENCY PROCEDURE must be issued
Difference between contingency operation and emergency operation?
Contingencies operations take into account s ituations not being part of nominal operations but already foreseen. Emergency is a typical unforeseen contingency situation for which a specific emergency plan must be issued.
What is meant by the term Contingency plan?
A plan which should be put in action in case our initial assumptions go wrong. This is sort of emergency planning.
Project on disaster contingency plan. where can i get it from?
Disaster contingency plan
How do you prepare a contingency plan for terrorist attack?
Contingency plan for terrorist attack
How is contingency planning beneficial in creating a positive outcome?
Control in a crisis is an elusive but vital quality. With an effective contingency plan in place you can achieve control in an emergency situation. Having a plan for the unexpected can help you to get the results you want and create a positive outcome.
Name the groups which are included in contingency plan?
Name the groups which are included in contingency plan?
What is the purpose of having a contingency plan?
The purpose of having a contingency plan is to have steps when things go wrong in a business. A contingency plan goes into act when something unexpected happens.
What is the importance of People's Contingency Plan?
Importance of Peoples' Contingency Plan A contingency plan need not be sophisticated, very scientific, or computer generated model. It need not have a series of flow diagrams showing the process of planning. Use of technology or sophisticated analysis is only useful when it is combined with the people's participation. Basic information, risk assessment and intelligence analysis is normally adequate to have a functional people contingency plan for various hazards. The task cannot be of a single person in the preparation of a working plan, since accuracy is considerably enhanced through the assimilation of experience, information and skills of widest possible range of sources. Contingency plans are prepared at different levels such as Neighborhood, Village, Block, District, State and National Levels. It has to be made very specific by involving both government and non-government organizations. The plan should be ideally people-centric and hence the term peoples' contingency plans.
What do leaders need to do in contingency theory?
Leaders need to have a contingency plan in case the original plan of action fails. This is also known as a back up plan.
