Contingency planning is like playing chess. by Michael Corthell In business or government or even in your personal life , it is never wise to put all of one's 'eggs in one basket'. It is therefore a good idea to develop a contingency plan. ''Expect the unexpected'' is a wise dictate and it is the basis of smart living. A contingency plan is often referred to as a 'Plan B'. A ''Plan B'' is simply an alternative plan of action if what was expected to happen in 'Plan A' doesn't work out. Contingency planning is also one facet of business continuity, disaster recovery and risk management. It is part of plain old smart planning and common sense. ''An ounce of prevention is worth a pound of cure.'' ― Benjamin Franklin Without a contingency plan, you could end up in a very depressing and negative situation, you might even be wallowing in your own despair if things don’t work out ...
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