Chapter 4, Problem 11RQ

Explanation of Solution

Contingency plan:

• A contingency plan is a plan of action used to help the organization efficiently for the significant future situation or event that may or may not occur.
• It is a component of risk management, disaster recovery and business continuity.
• It is also planned for recovering from actions that threaten the information resources in the organization and security of information and to give the successive restoration to regular modes of business operations.

Difference between contingency plan and routine management planning:

Contingency plan	Routine management planning
Contingency plan includes a set of techniques planned to find and minimize risks, mostly by arranging for the unexpected.	Routine management planning is prepared to keep the business by recognizing the risk.
These models apply to IT, business, personal and other situations...