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What is a contingency plan?

What is a contingency plan? Here are some definitions.

Noun
  1. An alternative plan to be put into operation if needed, especially in case of emergencies, or if a primary plan fails
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There is a contingency plan in place and we are hoping to borrow a goalkeeper until the end of the season.
Everyone is fit and healthy and we are pleased to say the contingency plan we put together worked very well.
Number one on the list, get a contingency plan in place that could deal with up to 20 percent of the work force being out sick at any one time.
Only one in four firms has a contingency plan in place to keep the business afloat if disaster strikes, according to industry statistics.
The key element of Business Continuity is the contingency plan, commonly known as a business continuity plan.
Despite businessmen's worries, the government says it has not made a contingency plan to help contain the impact of war on the country's exports.

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