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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. contingency plan is a plan devised for an outcome other than in the usual (expected) plan.
A contingency fund is a reserve fund set aside to handle unexpected expenses. Businesses, homes, and even governments establish...