Contingency Planning

Contingency planning is a risk mitigation process for developing  back-up plans in anticipation of events (scenarios) that might disrupt  ‘business as usual’. Business continuity planning is an expanded version  of contingency planning that typically encompasses a more comprehensive  and extended response plan for getting back to ‘business as usual’. In a  well-formatted, highly-detailed research paper, address the need to  contingency planning, ensuring to address the following items:

(1) Benefits of scenario events/planning.
(2) Questions to consider when implementing scenario planning.
(3) The common types of scenario planning.

Paper should include an introduction, a body with fully developed content, and a conclusion. 

Note: Please make sure to write 4 pages excluding cover and references pages in APA format with in-text citation and include at least two scholarly journal articles to support your positions, claims, and observations