contingency

Contingency refers to a future event or circumstance that is possible but uncertain. In the context of planning, a contingency plan is a proactive measure taken to prepare for and mitigate potential risks or unforeseen events that could impact the success or smooth execution of a project, activity, or goal. It involves identifying potential issues, developing alternative strategies, and determining actions to be taken if those issues arise. Contingency plans help organizations respond effectively and minimize disruptions when unexpected situations occur. If you have a specific question or need assistance in creating a contingency plan, please let me know!