What is the emergency plan? A project contingency plan is a fixed, practical set of actions your team will follow if a pre-identified risk materializes and makes your initial plan impossible. For example, your software development team is updating a website for a retail company.
Halfway through the project, your lead web developer accepts a saudi arabia number phone position at another company. How will the team continue the project? Who will take on additional responsibilities? What is the time frame for finding a replacement?
It’s a proactive strategy that helps your team respond to unexpected events. However, not all contingency plans are designed for negative events or disaster recovery. You might create a contingency plan to best use additional funding if your company lands a major investor.
Essential Elements of an Emergency Plan A contingency plan is all about protecting your project resources and helping your business operations move forward during disruptive scenarios. That’s why, before you start drawing up continuity plans, you need to identify your most valuable resources.
These resources include the workers, software, or equipment needed to complete the project. A useful project contingency plan outlines the steps you need to take to keep your project running and when you will complete them in a given situation.