Home > Term: contingency plan
contingency plan
A key component of the operational planning process that takes account of reasonably foreseeable events that may prevent completion of normal operations. The formal plans and procedures for any operation should include normal operating procedures, contingency plans and emergency responses.
- Part of Speech: noun
- Industry/Domain: Oil & gas
- Category: Oilfield
- Company: Schlumberger
0
Creator
- BSchmidt
- 100% positive feedback