What is the first step in a typical contingency planning process?
A)assigning probabilities of being right about the assumptions
B)ranking the importance of each assumption
C)tracking and monitoring the action plan
D)identifying critical assumptions

Question

Quizplus · Accepted Answer

The first step in a typical contingency planning process is to identify critical assumptions. This involves identifying assumptions about the future that are critical to the success of the plan and may not materialize. Without identifying these assumptions, it is difficult to create a comprehensive contingency plan. After identifying critical assumptions, the next steps may include analyzing their likelihood and impact, developing alternative scenarios, and creating an action plan.

What Is the First Step in a Typical Contingency Planning