All terms

Contingency Plan

A predefined action plan to be executed if a specific risk event occurs.

Original SimCert study summary; not an official PMI® glossary definition.

Performance domain · RiskPrinciple · Focus on ValueExam domain · Process

Questions that use this term

Process·Risk

A risk that was previously identified as low probability and low impact has just occurred, causing a moderate schedule delay. The response strategy documented in the risk register was 'accept.'

What should the project manager do FIRST?

Practise this domain

Nearby terms in Risk