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Multiple Select QuestionSelect all that applyWhat are key components of a contingency plan?Multiple select question.Developing a work breakdown structure for the contingency plan.Naming a person responsible to execute the plan.Defining the event that will initiate/trigger the plan into action.Cost estimates in the planning, not execution, phase.

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Multiple Select QuestionSelect all that applyWhat are key components of a contingency plan?Multiple select question.Developing a work breakdown structure for the contingency plan.Naming a person responsible to execute the plan.Defining the event that will initiate/trigger the plan into action.Cost estimates in the planning, not execution, phase.

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Solution

The key components of a contingency plan include:

  1. Naming a person responsible to execute the plan: This is crucial as it ensures that there is a designated person who understands the plan and is ready to implement it when necessary.

  2. Defining the event that will initiate/trigger the plan into action: This is also important as it provides a clear guideline on when the contingency plan should be activated.

  3. Cost estimates in the planning, not execution, phase: This is necessary to ensure that the resources needed to implement the plan are available and have been budgeted for.

Developing a work breakdown structure for the contingency plan is not typically considered a key component of a contingency plan. While it can be helpful in organizing and managing the plan, it is not a requirement or a key component.

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