Providing a secondary record, mechanism, or contract to safeguard against the potential failure of a primary system. Regular backups, especially for computer files, are a prudent practice.
Contingency planning is an approach used to anticipate future events that, while unlikely, are possible. It involves creating a plan of action to respond effectively if these events occur. Examples include crisis management and disaster recovery plans.
Crisis management is a systematic approach to mitigating potentially severe outcomes in various critical situations, including disaster response for aircraft, naval incidents, fire emergencies, and flood protection.
A fallback option is a pre-designed alternative plan or reserved position that management keeps in place to ensure continuity and stability if the primary option or strategy fails.
An alternative plan implemented if the principal plan of action is unsuccessful; serves as a backup strategy to mitigate risks and ensure objectives are met. Common in various fields such as business, project management, and strategic planning.
