Contingency planning is a risk mitigation process for developing backup plans in anticipation of events (scenarios) that might disrupt ‘business as usual. Business continuity planning is an expanded version of contingency planning that typically encompasses a more comprehensive and extended response plan for getting back to ‘business as usual. In a well-formatted, highly-detailed research paper, address the need to contingency planning, ensuring to address the following items:
(1) Benefits of scenario events/planning.
(2) Questions to consider when implementing scenario planning.
(3) The common types of scenario planning.
4 page APA 7 format not including the required cover page and reference page.