A contingency plan is a “plan B” that helps a business address specific situations or incidents that may or may not be out of its control.

Develop a supplier contingency plan to anticipate potential disasters and develop alternative courses of action. It isn’t cost-effective to build a contingency plan for every supplier.

So contingency planning is a vital component of how a successful business is run today. Identifying what risks your enterprise's IT could be subject to, and then developing a plan of action to ...