Contingency plan

A contingency 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.

Use

Contingency plans are often devised by businesses or governments. There are five steps of implementing contingency plan, which are organize a planning team, assess the scope of the problem, develop a plan, test the plan, and keep the plan up-to-date.^[2] For example, if many employees of a company are traveling together on an aircraft which crashes, killing all aboard, the company could be severely strained or ruined by such a loss. Therefore, many companies have procedures to follow in the event of such a disaster. The plan may also include standing policies to mitigate a disaster's potential impact, such as requiring employees to travel separately or limiting the number of employees on any one aircraft.

During times of crisis, contingency plans are often developed to explore and prepare for any eventuality. During the

The National Institute of Standards and Technology has published a contingency planning guide for information technology systems.^[3]

In the United States, all

• CERT
• Computer security – Protection of computer systems from information disclosure, theft or damage
• Information assurance – Multi-disciplinary methods for decision support systems security
• Information security – Protecting information by mitigating risk
• National Institute of Standards and Technology (NIST) – Measurement standards laboratory in the United States
• Risk – The possibility of something bad happening
• Risk management – Identification, evaluation and control of risks

References