What is contingency plan?

What Does contingency plan Mean

To determine the etymological origin of the two main words that give shape to the term in question, we have to go to Latin. Thus, in this language we find the fact that plan comes from the word planus which can be translated as "plane".

Meanwhile, contingency emanates from the concept contingentia that is the result of the union of three parts: the prefix with - which is equivalent to "reunion", the verb tangere which is synonymous with "touch" and finally the suffix - encia which can be determined that its meaning equals "quality."
A contingency plan is a type of plan preventive, predictive and reactive. It presents a strategic and operational structure that will help control an emergency situation and minimize its negative consequences.
The contingency plan proposes a series of alternative procedures to the normal operation of an organization , when any of its usual functions is affected by an internal or external contingency.

This kind of plan, therefore, tries to guarantee the continuity of the organization's operation in the face of any eventuality, whether material or personal. A contingency plan includes four basic stages: assessment, planning, feasibility testing, and execution.
Specialists recommend planning when it is not yet necessary; that is, before accidents happen . On the other hand, a contingency plan must be dynamic and must allow the inclusion of alternatives in the face of new incidents that may occur over time. Therefore, it must be updated and reviewed periodically.
A contingency plan also has to establish certain strategic objectives and an action plan to meet those goals.
Specifically, we can establish that any contingency plan must in turn be made up of three other plans that will establish the measures to be carried out, the threats faced and the time of establishment of those.
In the first place, there is the backup plan, which is the one that is responsible for determining what the prevention measures are, that is, those that have to be carried out with the clear objective of preventing the materialization of a threat in particular.
Second, it also integrates into the contingency project what is the emergency plan that, as its name indicates, is made up of the set of actions that must be carried out during the materialization of the threat and also after it. . And it is that thanks to those it will be possible to reduce and end the negative effects of that one.
And thirdly, there is the recovery plan that is carried out after the threat with the clear objective of recovering the state in which things were before it became real.
In computing , a contingency plan is an alternative program for a company to recover from a computer disaster and restore operations quickly. These plans are also known by the acronym DRP , for Disaster Recovery Plan .

A DRP program includes a backup plan (which is carried out before the threat), an emergency plan (which is applied during the threat) and a recovery plan (with the measures to apply once the threat has been controlled) .

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