A contingency plan template is a plan designed to take account of a possible future event or circumstance. Generally, it is an unexpected situation for which a special contingency plan template is prepared. This plan is a set of backup procedures, emergency responses as well as post-disaster recovery. It will include a list of concerned members, a list of activities to be performed, and a list of resources and arrangement of finances. A contingency plan template may be drafted for an ongoing project or business. Basically, it is a course of action that is designed to help an organization to respond effectively against any significant future event or situation. Since this event may or may not happen, that is why it is sometimes referred to as a “Plan B”. This is the reason why it can also be used as an alternative for action if expected results fail to materialize. It will not be exaggerated to say that a contingency plan is often taken lightly, hiding its exceptional benefits,. However if it is used at a time of need, it will not leave you empty-handed. Benefits of Using a Contingency Plan: A contingency plan template is an emergency document which helps an organization