What are contingency plans? Why is it important to have contingency plans?
What will be an ideal response?
Projects, due to their very nature, are complex. For every project, there is a risk of failure. Contingency plans are created to ensure that the project team is ready to handle potential problems. While all problems cannot be foreseen, a project plan that includes contingency plans keeps the team flexible and aware that they may be asked to make adjustments to their project plan some time during its lifetime.
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Answer the following statement true (T) or false (F)