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Contingency planning
Contingency planning is the part of the planning process that identifies alternative courses of action that an organization might follow if various different conditions arise. It means having a separate plan for each of the several critical contingency events. Critical contingency events relate either to the extent to which the ongoing plan is being accomplished or to the environmental events that might change things in the future.
Planning which is the process of formulating future courses of action (i.e. deciding in advance what needs to be done, how it is to be done, when it is to be done and by who. W
Risk management enhancement There is scope for risk management scenario and the following are some of the methods suggested: Bringing increased awareness of risks: Imp
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