Contingency planning is risk mitigation process

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Contingency Planning

Contingency planning is a risk mitigation process for developing back-up plans in anticipation of events (scenarios) that might disrupt ‘business as usual'. Business continuity planning is an expanded version of contingency planning that typically encompasses a more comprehensive and extended response plan for getting back to ‘business as usual'. In a well-formatted, highly-detailed research paper, address the need to contingency planning, ensuring to address the following items:

1. Benefits of scenario events/planning.

2. Questions to consider when implementing scenario planning.

3. The common types of scenario planning.

Reference no: EM132677671

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