MANAGEMENT

Detailed explanation-1: -Contingency planning involves having alternative strategies in place as a way of preparing for the unexpected, explains Candid.com. These types of contingency strategies may also be categorized as disaster recovery plans or business continuity plans, depending on the overall purpose of the plan.

Detailed explanation-2: -A contingency plan is sometimes referred to as “Plan B” or a backup plan because it can also be used as an alternative action if expected results fail to materialize. Contingency planning is a component of business continuity (BC), disaster recovery (DR) and risk management.

Detailed explanation-3: -Contingency planning refers to the process of creating a proactive strategy in case of unforeseen circumstances or a disruptive event. A contingency plan outlines the course of action that a business’s management and staff should take in response to a future event.

Detailed explanation-4: -A contingency plan is a proactive strategy that describes the course of actions or steps the management and staff of an organization need to take in response to an event that could happen in the future.

Detailed explanation-5: -Definition. Contingency strategies describe the specific measures that an air navigation service provider (ANSP) will have put in place in order to prepare for adverse contingencies that might affect future operations, in line with their overall contingency policy.