The HIPAA rules on contingency planning are that covered entities must prepare a contingency plan for each type of foreseeable disaster that includes data backup, emergency mode operations, and disaster recovery.

A contingency plan could involve putting away money, having backup equipment ready and getting the right insurance. This all depends on the risk itself and what kind of impact it might have. Regardless of what the risks may be, operations managers are required to have clear plans in place to deal with these events.

A five-point contingency plan, also known as GOTWA, is a military tactic used to plan and execute missions. It stands for "Going, Others, Time, What if, Actions on the objective." The GOTWA is a planning tool used by military personnel to ensure they have considered all possible scenarios before going on a mission.

Contingency plan – Contingency planning involves anticipating a specific hazard based on specific events or known risks at local, national, regional or even global levels (e.g., earthquakes, floods or disease outbreaks), and establishing operational procedures for response, based on expected resource requirements and ...