MANAGEMENT

Detailed explanation-1: -Contingency Planning occurs when a business plans for impossible and unlikely events.

Detailed explanation-2: -Contingency plans: Make plans and instruct staff to continue the event programme rather than delay it. Identify and use other people in the event management team or other guests who can step into to make a presentation if necessary.

Detailed explanation-3: -Answer & Solution A contingency plan is a plan devised for an outcome other than in the usual (expected) plan.

Detailed explanation-4: -Contingency planning is defined as a course of action designed to help an organization respond to an event that may or may not happen. Contingency plans can also be referred to as ‘Plan B’ because it can work as an alternative action if things don’t go as planned.

Detailed explanation-5: -“The purpose of any contingency plan is to allow an organization to return to its daily operations as quickly as possible after an unforeseen event. The contingency plan protects resources, minimizes customer inconvenience and identifies key staff, assigning specific responsibilities in the context of the recovery.”