5 Examples of contingency plan

Contingency plan

It is a preventive, reactive and predictive plan . It is the representation of an entire structure of a strategic and operational nature that will contribute to controlling a certain emergency situation as well as trying to minimize the negative consequences that may arise as far as possible.

A contingency plan refers to a series of alternative procedures to the normal activities and operations of each company or institution. When an internal incident occurs within the institution or company, the purpose of the contingency plan is to try to keep everything in order so that it continues to operate.

The basis of this plan is a prior risk analysis that allows keeping in order and control any atypical or abnormal situation within the company or institution. That is why any contingency plan must be updated and up to date.

Facing and acting in eventual or casual accidents is possible as long as a current plan is maintained and in accordance with the needs and tasks of the institution or company, since it must have procedures, standards and basic actions to respond to these situations.

Goals of a contingency plan

  • Establish an indicative procedure of a formal and written nature.
  • Stimulate the optimization of both material and human resources.
  • Establish a control that is adequate and that in this way allows the established norms and procedures to be carried out safely.

Stages of a contingency plan

It is important to note that a contingency plan is applied in any area. This is because its main purpose is to prevent or establish guidelines for how to act in the face of a contingency.

In this sense, the elements that are needed to be able to develop an optimal contingency plan are:

  • Recovery process .
  • Plan evaluation
  • Planning and organization
  • Execution and commissioning
  • Plan feasibility

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