Preparing Execution of Contingency Plan
Contingency Planning is very important. Before actually executing the contingency plan, certain critical actions have to be taken such as:
1. Quickly gather, analyze and interpret factual data and information that led to the crisis.
2. Identify a symbolic head that will serve as the point person for the crisis.
3. Finetune or modify the plan based on the above.
4. Determine the threshold time, meaning the time to do something or execute, beyond which could probably lead to failure. Executing earlier may deprive you of vital information and other activities needed.
Now the plan can be implemented or executed based on the above.