Which of these refers to the process of developing alternative plans,in anticipation of having problems with implementing the existing plan?
A) Contingency planning
B) Forecasting
C) Scenario planning
D) Budgeting

Question

Quizplus · Accepted Answer

Contingency planning involves developing alternative plans in case the original plan encounters challenges or fails to achieve its objectives. This ensures that an organization is ready for unforeseen events and can quickly adapt to changing circumstances. Forecasting involves predicting future events or trends based on past data, scenario planning involves creating imagined future scenarios to identify potential opportunities and threats, and budgeting involves setting financial targets and allocating resources accordingly.

Which of These Refers to the Process of Developing Alternative