Contingency Planning

Contingency planning is a risk mitigation process for developing back-up plans in anticipation of events (scenarios) that might disrupt ‘business as usual’. Business continuity planning is an expanded version of contingency planning that typically encompasses a more comprehensive and extended response plan for getting back to ‘business as usual’. In a well-formatted, highly-detailed research paper, address the need to contingency planning, ensuring to address the following items:(1) Benefits of scenario events/planning. (2) Questions to consider when implementing scenario planning. (3) The common types of scenario planning.Your paper should meet these requirements:

• Be approximately four pages in length and use atleast three scholarly journal articles.
• Follow APA 7 guidelines.