Contingency planning
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Flip to reveal answersThree advantages of contingency planning?
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Question
Three advantages of contingency planning?
Answer
Faster response, reassures stakeholders, may reduce insurance costs, maintains operations.
💡 Hint
Speed + confidence + insurance
Question
Contingency plans must be regularly ___, reviewed and ___
Answer
Tested; updated — otherwise they become outdated and useless.
💡 Hint
Tested + updated
Question
Three disadvantages of contingency planning?
Answer
Costly/time-consuming, can't predict every crisis, plans become outdated, false sense of security.
💡 Hint
Cost + unpredictable + outdated
Read the notes
Full study notes for Contingency planning
Topic 5.7 hub
Crisis management and contingency planning (HL only)
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