<aside> 💡 Notion Tip: Go through the steps below to complete your final ⚠️ Contingency plan.
The databases below all different views of the final contingency plan database. If you edit one, it’ll affect the others.
</aside>
Table of contents
To identify possible risks, review past projects to identify any issues that occurred and analyze the current work environment to identify potential areas of risk. Additionally, brainstorm with team members to identify potential areas of risk.
↑ Click the + New button to create add a new risk
Evaluating severity and likelihood of risks is an important step in creating a contingency plan. It helps prioritize risks so that the most serious ones can be addressed first and it enables the team to create the most appropriate plan to mitigate the risks.
Cost evaluation of risks is essential to ensure that the contingency plan is properly budgeted and resources are allocated appropriately. It should be done periodically to take into account changes in the environment or the risk profile. Factor in both direct and indirect costs.
A response plan is essential to effectively handle unexpected events. It should define roles and responsibilities and provide clear steps to follow. It should also be regularly reviewed and updated to ensure it remains relevant and effective.
↓ Click into a card to create a response plan and assign responsibilities.
This is your final contingency plan that you created from the previous steps. Make it easily accessible by sharing this database with other team members and adding it to your team wiki.
↓ Hover over a row and click OPEN to view the response plan, tasks, and owners.