What is a Contingency Plan?
A contingency plan helps establish initiatives, projects and procedures that are designed to be implemented in response to an unplanned event. It is important to have a contingency plan prepared to mitigate risks and enable businesses of all sizes to respond quickly and effectively to unplanned incidents. Contingency plans are typically tailored to a specific organization’s needs, and often include steps to protect personnel, operations, and assets.
What's included in this Contingency Plan template?
- 3 focus areas
- 6 objectives
- 6 projects
- 6 KPIs
Each focus area has its own objectives, projects, and KPIs to ensure that the strategy is comprehensive and effective.
Who is the Contingency Plan template for?
This contingency plan template is designed to help organizations of all sizes and industries create a plan to respond to unplanned events and minimize their impact. It is suitable for any organization, from small businesses to large corporations. The template is comprehensive, yet straightforward and easy to use.
1. Define clear examples of your focus areas
A focus area is any area of operational risk that an organization wants to address. Examples of focus areas include disaster risk management, cybersecurity, and business continuity. It is important to identify the focus areas that are most relevant to your organization and are most likely to be affected by an unplanned event.
2. Think about the objectives that could fall under that focus area
Objectives are the goals that an organization wants to achieve in the given focus area. Examples of objectives include establishing a comprehensive risk management system, establishing a contingency plan, and improving cybersecurity.
3. Set measurable targets (KPIs) to tackle the objective
KPIs, or key performance indicators, are measurable targets that an organization sets in order to track progress towards an objective. An example of a KPI for a disaster risk management objective could be to increase the number of users with cyber security training. KPIs should be measurable and specific.
4. Implement related projects to achieve the KPIs
Projects, or actions, are the steps an organization takes to achieve its objectives. In the context of a contingency plan, examples of projects could include developing a risk management strategy or implementing a cyber security policy. Projects should be specific, concise, and achievable.
5. Utilize Cascade Strategy Execution Platform to see faster results from your strategy
Cascade is a strategy execution platform that enables organizations to create, measure, and manage their strategic plans. With Cascade, you can easily track progress towards your objectives, measure the impact of your actions, and collaborate with your team to ensure successful execution of your strategy.