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Contingency Planning

Business analysisRisk management

Reference model

Contingency Planning ProcessA cycle of 6 steps that repeats: 1, Identify Risks; 2, Analyze Impact; 3, Develop Response Plans; 4, Assign Responsibilities; 5, Test Plans; 6, Review and Update; after the last step the cycle returns to the first.Identify RisksList potential risks thatcould impact oper…1Analyze ImpactEvaluate the potentialimpact of each risk.2Develop ResponsePlansCreate plans to addresseach identified ris…3AssignResponsibilitiesDesignate roles forimplementing response p…4Test PlansConduct drills to ensureplans are effectiv…5Review and UpdateRegularly revisit andrevise plans as neces…6

Contingency planning helps organizations prepare for unexpected events.

About this model

A systematic approach to anticipating potential risks and preparing responses to mitigate their impact on business operations.

Originator not stated.

How to read it

  • Identify key risks and their potential impacts.
  • Outline response strategies and assign responsibilities.

What this does

Identifies potential risks and outlines responses to ensure business continuity in case of unexpected events.

When to use it

Use it when planning for uncertainties that could disrupt operations or financial stability.

Not when: Do not use it when risks are negligible or when the organization has no capacity to implement contingency measures.

What happens next

Develop a detailed response plan based on the identified contingencies.

Golden thread

Builds on ←

  • Risk assessment
  • Business impact analysis

Feeds into →

  • Response implementation plan

Use this tool, free

Sign in to open the worksheet. Your work saves as you type, the AI can draft the parts you have not filled in, and you finish with an analysis and a 30/60/90-day action plan.

Drafted with AI and reviewed by Eccellere on 04/11/2026. Guidance, not advice: apply your own judgement.