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Management & Leadership vocabulary · Strategy and Planning

Contingency plan

Meaning in management & leadership, with examples

nounCommon term

In management & leadership, contingency plan means: A plan that describes what an organisation will do if something goes wrong or an unexpected event happens, such as a supplier failing or a key person leaving.

In Turkish: acil durum planı, B planı, olası durum planı

How it is used

Used in planning, risk management and projects. You have, prepare or put a contingency plan in place, and in everyday talk people say plan B. A contingency budget is money kept aside for problems.

Example sentences

  1. What's our contingency plan if the shipment gets stuck at customs?

  2. We put a contingency plan in place in case the main data centre goes down.

Common collocations

  • prepare a contingency plan
  • have a contingency plan
  • put a contingency plan in place
  • contingency budget
  • risk assessmentThe process of identifying what could go wrong in a plan or activity, judging how likely and how serious each risk is, and deciding how to reduce it.
  • strategyA long-term plan that sets out where an organisation wants to go and the main choices it will make to get there, such as which markets to enter and what to stop doing.
  • roadmapA plan that shows the main steps, projects or product features an organisation intends to deliver over time, usually in the order they will happen.
  • SWOT analysisA planning tool that lists an organisation's internal strengths and weaknesses and the external opportunities and threats it faces, used before making strategic choices.

More terms: Strategy and Planning

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