A contingency plan is a backup plan, activated in the event of a disaster that disrupts a company's production and puts employees in danger. The goal of the plan is to safeguard data, minimize ...

A contingency reserve is a budget set aside for unexpected costs during a project. Its purpose is to mitigate the effects of a project going over budget or experiencing delays. Investors use it to ...

In real estate, a "contingency" refers to a condition of the Agreement of Sale that needs to occur in order for the transaction to keep moving forward. As the buyer, there are many contingencies that ...

NIST on Monday issued revised guidance that defines a seven-step contingency planning process that federal agencies and other organizations in fields such as healthcare and banking can use to develop ...

As you refine your organizational structure, you will have to review your managerial philosophy to determine its effectiveness. One popular strategy is to implement the contingency theory of ...

Amy Fontinelle is a freelance writer, researcher and editor who brings a journalistic approach to personal finance content. Since 2004, she has worked with lenders, real estate agents, consultants, ...