Contingency planning, Financial Management

Contingency Planning:

 Once the events are evaluated and categorised, and the levels of risk attaching to them have established. 

The organisation should then commence planning to reduce or eliminate them. Obviously, those events categorised within the high / extreme category would take precedence over those categorised within other areas.

Examples of contingency planning could be:

  • The introduction of policies to avoid the event happening
  • Seeking insurance to assist should an event occur
  • Seeking additional funding
  • Rental/hire of equipment / stock
  • Restructuring labour costs
  • Reducing or recycling wastage
  • Where the risk is so extreme, withdraw from the business totally
Posted Date: 10/1/2012 4:10:46 AM | Location : United States







Related Discussions:- Contingency planning, Assignment Help, Ask Question on Contingency planning, Get Answer, Expert's Help, Contingency planning Discussions

Write discussion on Contingency planning
Your posts are moderated
Related Questions
Illustrate the in brokered markets according to trade intermediation. In brokered markets: In brokered markets, brokers execute an active search function to match buyers and

Q. Display the position explicitly Example: I borrow 7800000 HKD at time t = t 0 at an interest rate r t0 . After one year I pay back 7800000(1 + rt o ). At

I want to see the solution that was provided in Feb 2013 for Calculate the new interest rate and excel function pv, Financial Accounting

Will you please give the defination of "Future Value Of An Annuity"?

No External Financing for New Proposals: If a firm have sufficient retained earnings with it as required by the new proposal, then the firm may not raise any external finance. In

Dividend yield method As per this method, the cost of Equity capital is the discount rate that equates the present value of expected future dividends per share with the net pro

Remaining differences with US GAAP IFRS 8 comprise intangible assets as part of the non-current assets. SFAS 131 only refers to tangible assets. IFRS 8 requires method

Q. How cash flow problems arise? It is significant first to distinguish between profitability and cash availability. The key scheme relates to insolvency since even profitable

Strategies of Hedge Funds: Hedge funds use a range of different strategies, and each fund manager can argue that he or she is unique and could not be compared to other manager

What are the pros and cons of commercial paper relative to bank loans for a company seeking short-term financing? Commercial paper is generally a cheaper source of short-term fin