contingency planning
[kənˈtɪn.dʒən.si ˈplæn.ɪŋ]
noun
planejamento de contingência
1. The process of developing alternative strategies or action plans to be implemented if unexpected events or emergencies occur
The company developed contingency planning to ensure business continuity during natural disasters.
A empresa desenvolveu planejamento de contingência para garantir a continuidade dos negócios durante desastres naturais.
2. A systematic approach to identify risks and prepare backup procedures to minimize disruption
Contingency planning is essential in crisis management and disaster recovery.
O planejamento de contingência é essencial na gestão de crises e recuperação de desastres.
3. The creation of 'Plan B' or alternative solutions for potential problems
Good contingency planning can save a company millions in losses.
Um bom planejamento de contingência pode economizar milhões em perdas para uma empresa.
Contingency planning is highly valued in both American and Brazilian corporate cultures, particularly in large organizations and government sectors. In Brazil, it has become increasingly important since the 2008 financial crisis. The term is often used interchangeably with 'plano de contingência' in business Portuguese, and companies increasingly maintain dedicated contingency planning departments or officers.
NYC Slang
Plan B strategy / having a backup plan
Related Idioms & Phrases
hope for the best, plan for the worst
better safe than sorry
cross that bridge when we come to it (contrasts with contingency planning philosophy)
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