|PlanningSkills.COM||Wednesday, August 15, 2018 PDT|
Content Channels:Ask Dan!
Site InformationAbout Us
What is contingency planning?
Contingency planning is a systematic approach to identifying what can go wrong in a situation. Rather than hoping that everything will turn out OK or that "fate will be on your side", a planner should try to identify contingency events and be prepared with plans, strategies and approaches for avoiding, coping or even exploiting them
Contingencies are relevant events anticipated by a planner, including low-probability events that would have major impacts. Contingency planning is a "What if?" skill important in all types of planning domains, but especially in contested and competitive domains. The objective of contingency planning is not to identify and develop a plan for every possible contingency. That would be impossible and a terrible waste of time. Rather, the objective is to encourage one to think about major contingencies and possible responses. Few situations actually unfold according to the assumptions of a plan. However, people who have given thought to contingencies and possible reponses are more likely to meet major goals and targets successfully. The following questions can help develop contingency plans:
ReferencesPower, D. J., Gannon, M., McGinnis, M. and Schweiger, D., Strategic Management Skills, Reading, MA: Addison-Wesley, 1986, ISBN: 0201139782.
|Home | About Us | What's New|
|Copyright © 2004-15 by D. J. Power (see his home page). PlanningSkills.COMsm is maintained by Alexander P. and Daniel J. Power. Please contact them at email@example.com with questions. See disclaimer and privacy statement. This page was last modified on December 8, 2015.|