Contingency planning

When managing risks, there are several activities that may occur:

Contingency planning basically means creating a process and putting it on the shelf such that when the risk occurs, you are as prepared as possible.

Contingency actions may include:

Ensuring that additional resources can be called on and are available. This includes internal and external people, equipment, etc.
Preparation of communications and PR about the situation.
Training people to handle the undesirable situation.
Setting up identification measures so you have reasonable warning of the problem situation's imminent arrival.
Setting up a contingency organization with roles and responsibilities that will last for the duration of the emergency.

See also: