Contingency Planning Flashcards
1
Q
Definition
A
A plan for unlikely events
2
Q
Disadvantages
A
Waste of resources - may never happen.
3
Q
Advantages
A
If the unlikely event does happen, the business is ready to react quickly.
4
Q
Hope for contingency planning
A
That the plan is never needed in reality but if so they are trained and able to react quickly.
