- For the play of this title, see The Contingency Plan.
A contingency plan is a plan devised for an exceptional risk which is impractical or impossible to avoid. Contingency plans are often devised by governments or businesses who want to be prepared for events which, while highly unlikely, may have catastrophic effects. For example, suppose many employees of a company are traveling together on an aircraft which crashes, killing all aboard. The company could be severely strained or even ruined by such a loss. Accordingly, 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 Cold war, many governments made contingency plans to protect themselves and their citizens from nuclear attack. Examples of contingency plans designed to inform citizens of how to survive a nuclear attack are the booklets Survival Under Atomic Attack, Protect and Survive, and Fallout Protection, which were issued by the British and American governments. Today there are still contingency plans in place to deal with terrorist attacks or other catastrophes.
In the United States
In the United States, all HAZMAT operations require Contingency Plans.
- Association of Contingency Planners
- Information Assurance
- Information security
- Computer security
- Risk Management
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contingency plan — ➔ plan2 * * * contingency plan UK US noun [C] ► a plan that is made for dealing with an emergency, or with something that might possibly happen and cause problems in the future: a contingency plan for sth/doing sth »Companies wishing to apply for … Financial and business terms
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contingency plan — Gen Mgt a plan, drawn up in advance, to ensure a positive and rapid response to a changing situation. A contingency plan often results from scenario planning and may form part of an organization’s disaster management strategy … The ultimate business dictionary
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