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A contingency plan, or alternate plan, also known colloquially as Plan B, is a plan devised for an outcome other than in the usual (expected) plan. [1] It is often used for risk management for an exceptional risk that, though unlikely, would have catastrophic consequences.
Primary, alternate, contingency and emergency (PACE) is a methodology used to build a communication plan. [1] The method requires the author to determine the different stakeholders or parties that need to communicate and then determine, if possible, the best four, different, redundant forms of communication between each of those parties.
The George W. Bush administration put the Continuity of Operations plan into effect for the first time directly following the September 11 attacks.Their implementation involved a rotating staff of 75 to 150 senior officials and other government workers from every federal executive department and other parts of the executive branch in two secure bunkers on the East Coast.
Working on a contingency plan has become the priority in the last few weeks, Nunally said. "For centuries fairs have been where communities have come together to show and sell their wares ...
It documents national response capability and is intended to promote overall coordination among the hierarchy of responders and contingency plans. [1] The first National Contingency Plan was developed and published in 1968, in response to a massive oil spill from the oil tanker Torrey Canyon, off the coast of England a year earlier.
The Canberra Times has reported that an Australian Government building in the Canberra suburb of Symonston houses communications systems that would be used to support the continuity of government if Plan Mercator was activated. The building was completed in 2007, and its secret function was disclosed as part of a job advertisement in 2008.
Preparing contingency plans in advance, as part of a crisis-management plan, is the first step to ensuring an organization is appropriately prepared for a crisis. Crisis-management teams can rehearse a crisis plan by developing a simulated scenario to use as a drill. The plan should clearly stipulate that the only people to speak to publicly ...
Continue reading → The post What Is a Mortgage Contingency? appeared first on SmartAsset Blog. Since most Americans don't buy their homes with cash, they need a mortgage to complete the transaction.