Which term describes a plan for alternative courses of action for when anticipated changes occur?

A contingency plan is specifically designed to outline alternative courses of action in response to unforeseen events or changes. It is a proactive approach that prepares an organization to handle potential disruptions effectively, ensuring that they can continue operations or minimize impact during unexpected situations. This type of plan focuses on identifying possible risks and creating predefined responses to mitigate those risks, making it essential for effective risk management.

In contrast, an action plan typically outlines steps to achieve specific goals, while a strategic plan provides the long-term vision and direction of an organization. An operational plan, on the other hand, details the day-to-day activities necessary to run a company and meet shorter-term objectives. While all these plans are important in different contexts, the key feature that defines a contingency plan is its focus on preparation for unexpected changes or emergencies.