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Contingency plan. 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. [ 1] It is often used for risk management for an exceptional risk that, though unlikely, would have catastrophic consequences.
A contingency theory is an organizational theory that claims that there is no best way to organize a corporation, to lead a company, or to make decisions.Instead, the optimal course of action is contingent (dependent) upon the internal and external situation.
Business continuity planning life cycle. Business continuity may be defined as "the capability of an organization to continue the delivery of products or services at pre-defined acceptable levels following a disruptive incident", [1] and business continuity planning [2] [3] (or business continuity and resiliency planning) is the process of creating systems of prevention and recovery to deal ...
These transactions happen at much lower valuations. Kind of a fire sale. The second thing you need to do before you make the decision to sell is talk to your board, your current investors, your ...
Contingency planning is a "What if" tool, that only takes into account one uncertainty. However, scenario planning considers combinations of uncertainties in each scenario. Planners also try to select especially plausible but uncomfortable combinations of social developments.
The April 30, 2011 document was written as part of a fictional training scenario for junior officers undergoing training in JOPES, the DoD's contingency planning system and for strategic training. [ 1 ] [ 3 ] [ 6 ] United States Strategic Command instructors found that a "zombie survival plan" made for "a very useful and effective training tool ...
The U.S. State Department has for a number of days conducted contingency planning in case of a government shutdown, State Department spokesperson Matthew Miller said on Thursday. "We remain ...
Contingency (electrical grid) In an electrical grid, contingency is an unexpected failure of a single principal component (e.g., an electrical generator or a power transmission line) [ 1] that causes the change of the system state large enough to endanger the grid security. [ 2] Some protective relays are set up in a way that multiple ...