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Tag: Risk Planning

Risk management framework: Contingency Plan

contingency plan

A contingency plan is an alternative plan that will be used if a possible foreseen risk event becomes a reality. The contingency plan represents actions that will reduce or mitigate the negative impact of the risk event. A key distinction between a risk response and a contingency plan is that a response is part of…

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Published May 13, 2025
Categorized as Risk Management
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