GENERAL KNOWLEDGE

Detailed explanation-1: -Contingency planning means preparing an organization to be ready to respond effectively in the event of an emergency. It is an important part of the IFRC’s work supporting National Society preparedness. Time spent in contingency planning equals time saved when a disaster strikes.

Detailed explanation-2: -A contingency plan is a course of action designed to help an organization respond effectively to a significant future incident, event or situation that may or may not happen.

Detailed explanation-3: -Contingency plans formally establish the processes and procedures to protect employees, core business elements, information systems, and the environment in the event of an emergency, business disruption, or disaster.

Detailed explanation-4: -Contingency planning and crisis management are not conflicting concepts but instead work in tandem. Contingency planning is the process of preparing for potential emergencies, while crisis management is the overall management of emergencies when they do occur.