2020 has taught us many lessons. One of them being, you always need to have a Plan B. It is essential that we are ready for every contingency — natural disasters, economic downturns, or even pandemics.
1. Assess your risks
Outline the scenarios you think your organization could face. Having a more specific sense of these potential occurrences will guide your planning. You do not need to include every conceivable risk but cover a broad range.
2. Identify contingencies
A contingency plan is set up to account for those disruptive events, so you’re prepared if and when they arrive.
3. Build the plan
In this step, you’ll create separate plans that outline the actions you need to take in case the risks you identified earlier occur. Consider what needs to be done to resume normal operations after the impact of the event.
4. Familiarize users
Being able to execute your crisis management plan quickly is paramount, and holding drills and exercises with the crisis management team is crucial to that goal.
5. Revisit the plan frequently
Regular testing of the crisis management process and emergency equipment and updating them frequently or as needed.