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How Often Should Contingency Planning Be Performed? Frequency
srinivas, Lecturer, India
Does keeping the duration of the validity of contingency planning short to say 2 to 4 weeks help in doing a better strategic planning job?
Improvisation from the feedback received from the first iteration before the second iteration is performed might help in today's fast changing business environment?
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Optimal Contingency Management FrequencyLuis Alcaraz, Manager, Mexico It depends on the probability of a contingency to happen, but I believe 2 to 4 weeks is a very short validity for a contingency plan. |
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Effect of Technology, Fast Paced Communication on Contingency Planningsrinivas, Lecturer, India Does the required rate of changing our contingency plan depend on the speed of communication that is happening today? Probably if 2 or 4 weeks is short by today's standards what happens if machines start communicating and perform an impact analysis every hour or half an hour duration? This technology is developing rapidly I do not think we are far off... |
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