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 ...

Developing strategies for how a business will use its money, materials and people to accomplish its goals is part of starting and running a business. Within the strategic planning process, a ...

When I was 23, I worked for a SaaS tech startup with big enterprise clients. We were a relatively young company and thought we were on top of things. Then, the ice storm hit. Power went out across the ...

Opinions expressed by Entrepreneur contributors are their own. In today’s ever-changing business environment, business owners, entrepreneurs and franchise owners need to be prepared for the unexpected ...

With nearly two decades of retail management and project management experience, Brett Day can simplify complex traditional and Agile project management philosophies and methodologies and can explain ...

The United States has a poor record at both anticipating foreign crises and planning for them. To improve U.S. readiness for crises that are both plausible in the short- to medium-term and likely to ...

Nobody wants a supplier to go out of business, lose key people or get acquired. But sometimes it happens. Who would have imagined that WorldCom or Arthur Andersen could disintegrate? In today’s market ...

I suggest rolling through the five areas listed above and identifying contingencies that are somewhat likely and would require a major change in the business. A company could have over a dozen major ...

Construction risk management is a process of identifying and evaluating the unique risks that each project presents. Crucial to the evaluation is developing methods to mitigate the impact of risks to ...