Contingency Planning: How to Create a Contingency Plan

Things go wrong. So, you need to be prepared to deal with the situation. This means having a Contingency Plan. But, how do you create one?

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The Process...
Step 1: Risk Assessment
Step 2: Contingency Plan Structure
Step 3: Detailed Contingency Planning
Step 4: Creating Your Contingency Plan
Step 5: Making Your Contingency Plan Live
Step 6: Maintaining Your Contingency Plan

Recommended Videos
Carefully curated video recommendations for you:
🎬 What if? Top 10 Things to Build into Your Project Contingency Plan
🎬 RISK MANAGEMENT 101: An Introduction to Project Risk Management
🎬 How to Create a Risk Management Plan
🎬 What to Put in Your Risk Register (Risk Log)
🎬 Top 5 Ways to Remove a Risk Entirely
🎬 Navigating a Crisis: A Project Manager's Guide to Crisis Management
🎬 What is a Disaster Recovery Plan? And How to Make one.
🎬 How to Keep Cool in a Crisis: Stay calm when your project goes wrong!!

🎒 A while back, I asked Project Managers in a couple of forums what material things you need to have, to do your job as a Project Manager. They responded magnificently. I compiled their answers into a Kit list.
Note that the links are affiliated.

⏱ Chapter Markers...
00:00 - Things go wrong: Contingency Planning
00:19 - A six-step contingency planning process
00:45 - Organizational Contingency Plans
01:10 - Project Contingency Plans
01:44 - Step 1: Risk Assessment
02:11 - Step 2: Contingency Plan Structure
03:32 - Step 3: Detailed Contingency Planning
04:32 - Step 4: Creating Your Contingency Plan
04:55 - Step 5: Making Your Contingency Plan Live
05:20 - Step 6: Maintaining Your Contingency Plan
05:50 - Summing up Contingency Planning

#ContingencyPlan #ContingencyPlanning #ProjectManagement

[Onlinepmcourses]

Don't you love a process? I do. In this video, I offer a 6-step process for creating a contingency plan. That way, when things go wrong, you'll have a fallback to deal with the consequences.

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[Cxlzu]

You've helped me gain some insight on this more! I'm studying for an exam in rapid amount of time, I thank you for the useful information!!!

[suhanikataria]

Hi, I wanted to ask if its a good idea to include scenario analysis in an Equity research report?

[vitaliri]

Great information, very usefull. This video probably should have started with the words - "Most projects fail because of a lack of risk management assessment and proper contingency plans" .

Thank you!