Steps of Developing Contingency Plan

In the contingency plan development, following steps are followed:

a) Development of contingency planning policies in written format
b) Organize or conduct of the business impact analysis
c) Planning or creating contingency strategies
d) Development of effective information system under the contingency plan
e) Ensure to the effectiveness and success of the contingency plan in terms of testing, training and exercise
f) Support plan maintenance (Swanson, 2011).

So, these steps are followed by the firms under the contingency plan development.

(Source: Swanson, 2011)

Involvement

Development of contingency plan is an important action of the firm due to having base or a hope of success in the adverse condition in terms of failure of the project of the firm. So, to develop effective contingency planning, higher authorities, experienced employees, project manager, etc. should be included by the firm. In other words, key stakeholders of the firm should be involved in the development of contingency planning of the firm. In this, call tree is presented that shows the involved individuals in the development of contingency plan (Swanson, 2011).

(Source: Swanson, 2011)

Importance of Involvement

Involvement of these individuals in the development of contingency plan is important to establish effective contingency plan to turn adverse situations into positive situations. Along with this, it is important to involve whole employees to ensure their support for the high chance of success of contingency planning (Khosrowpour, 2004). Additionally, expert comments and effective communications system is also supported by involving all discussed individuals in the development of contingency plan. In addition, employee involvement and relationship with them is also supported through involving them in the development of contingency plan (Broekhuis & Donk, 2011). Apart from this, involvement of employees helps in identifying new ideas and opinions for developing effective and successful contingency plan.

References
Bowers, A. R. (2011). Clinical Risk Assessment and Management of Service Users. Clinical Governance: An International Journal, 16(3), pp. 1-24.
Broekhuis, M & Donk, D. P. V. (2011). Coordination of physicians’ operational activities: a contingency perspective. International Journal of Operations & Production Management, 31(3), pp. 251-273.
Khosrowpour, M. (2004). Information Resources Management Association. USA: Idea Group Inc (IGI).
Swanson, M. (2011). Contingency Planning Guide for Federal Information Systems. USA: DIANE Publishing.