what is a contingency plan
For the play of this title, see The Contingency Plan. A contingency plan is a plan devised for an outcome other than in the usual (expected) plan.It is often used for risk management when an exceptional risk that, though unlikely, would have catastrophic consequences. Contingency plans are often devised by governments or businesses.or the play of this title, see The Contingency Plan. A contingency plan is a plan devised for an outcome other than in the usual (expected) plan.