A small business can be negatively impacted by all sorts of changes or events, from natural disasters to entrance of new competitors into a market. A contingency plan is a document that outlines how a ...

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 ...

On Oct. 27, 2009, the National Institute of Standards and Technology (NIST) Information Technology Laboratory (ITL) Computer Security Division (CSD) published Special Publication (SP) 800-34 Revision ...

Construction risk management is a process of identifying and evaluating the unique risks that each project presents. Crucial to the evaluation is developing methods to mitigate the impact of risks to ...

Since business plans can never foresee all eventualities, good planning provides for contingencies to address unexpected events. In marketing plans, projections for sales, revenue and market reaction ...

At the peak of the last boom, the CEO of Caterpillar told all of his division heads to start developing contingency plans for a recession. The division heads thought he was – crazy! Their greatest ...

The Law Society of Ontario has a new requirement for lawyers and paralegals in private practice. As of January 1, 2025, they must have a formal contingency plan for their clients for “preserving, ...

Rapid and violent disruption to supply chains, trade partnerships, technology stacks, and global markets is plunging midsize companies into a period of high unpredictability. While no one ever wishes ...

Nobody wants a supplier to go out of business, lose key people or get acquired. But sometimes it happens. Who would have imagined that WorldCom or Arthur Andersen could disintegrate? In today’s market ...