what are the steps in creating a contingency plan 
to create a contingency plan first identify the key risks to your business and order them in regard to the likelihood of occurring and severity next conduct a business impact analysis bia from there start shaping your plan which should include preventive controls an incidence response plan a disaster recovery plan and a business continuity plan make sure to provide training to employees frequent testing and updating of your plan the bottom linea contingency is a potentially negative future event or circumstance such as a global pandemic natural disaster or terrorist attack by designing plans that take contingencies into account companies governments and individuals are able to limit the damage done by such events 