Developing a contingency plan is the best way to ensure your business is safe from risk if something out of the norm occurs. Luckily, creating a contingency plan template can help you establish a backup plan quickly and easily.Create your template
Planning for future business initiatives should include crafting a backup plan in the event something doesn’t go as planned. With a contingency plan template, your team can quickly establish and launch a backup strategy in the event that a roadblock occurs.
A contingency plan template is a replicable outline of a contingency plan that you can use in case of an unexpected emergency, such as a response plan to natural disasters. Creating a contingency plan template can help prevent your business from experiencing major risk. This way, if you’re faced with an emergency, your team has a strategy in place to keep your business functioning.It’s not enough to just have a plan—if there’s an emergency, you need to move quickly. With a collaborative work management platform, your team members can have access to the information they need in the event of an emergency.
A contingency plan is a strategy you create for your team or business in the event that something disrupts regular business operations. Think of a contingency plan as the “Plan B” for regular business operations—it’s the plan that you create to keep things running even if something prevents your business from operating normally.
While they sound similar, contingency plans and continuity plans are two separate strategies put in place to help keep a business running. Teams create a contingency in advance of a disruption to prepare for potential future issues. Contingency plans often require an incident to meet certain criteria before the plan is enacted. A contingency plan is only enacted if a scenario meets a certain criteria. When teams develop the contingency plan, they also develop the criteria a situation needs to meet before that plan is executed.
A continuity plan is a solution that’s put in place during an incident to help keep the business running. While a contingency plan requires that a situation meets certain requirements before it is enacted, a continuity plan does not. This means that your team can start implementing a continuity plan as soon as something starts to go awry.
Using a contingency plan template provides you with a few different benefits.
Ensure every plan has the relevant information: When you use a contingency plan template to develop your strategy, you’ll have key elements, such as a scenario criteria, and the strategy needed to keep the business running. This ensures that every plan will have all of the information the team needs to enact the plan.
Standardize formatting: When all contingency plans are organized in a similar manner, team members will know exactly where to find the information they need when they need to enact a contingency plan. In times of crisis, people sometimes don’t think clearly. Having information organized in a similar manner helps take the cognitive work away from finding the information you need.
Simplify plan creation: When you create a contingency plan template in a digital work management platform like Asana, you can create full contingency plans quickly and easily. Simply duplicate the template and then add in the relevant information to that specific plan.
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The best way to write a contingency plan is to start with a contingency plan template. A contingency plan template outlines all of the major components of a contingency plan. With the template, all you need to do is fill in key information relevant to the specific contingency plan for your current situation.
Contingency planning minimizes the amount of risk your business may experience if a disruption occurs. Use a contingency plan template to create multiple plans for different situations, so your business will always be prepared.
There are nine key steps to contingency planning. The first step is to make a list of major potential risks. From there, weigh those risks based on both severity and likelihood of the risk happening. Here you can identify important risks that could affect operations, and analyze what impact they may have on your business. Then, you can use a contingency plan template to develop your full plan for the biggest risk, gain approval from superiors, distribute plans to relevant teams, and create new plans if needed.
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