Contingency means something uncertain or occasional, which may or may not happen, depending on the circumstances. It refers to a proposition whose truth or falsity can only be known by experience and evidence, and not by reason. These are propositions that are not necessarily true or necessarily false.
Contingent quality : possibility of something being accomplished or not. Unforeseen action or situation,
which cannot be controlled or predicted; eventuality, chance.
What is Contingency?
Contingency refers to something uncertain or possible, which may or may not occur, depending on the circumstances, it consists of both the idea of what is uncertain, unforeseen and / or accidental.
From the perspective of private security , it refers to negative events that affect the normal activities of the organization and that, although preventive measures are adopted, may occur at unpredictable dates and times.
Contingency is the characteristic of something doubtful, but possible, that can occur, but not necessarily.
The contingency approach stresses that organizational effectiveness is not achieved following a single and exclusive organizational model, that is, there is no single and better way to organize in order to achieve the varied objectives of organizations within a different environment.
Recent studies on complex organizations have led to a new theoretical perspective: the structure of the organization and its functioning are dependent on its interface with the external environment.
Different environments require different organizational designs to be effective. An appropriate model is required for each situation.
Within this context, for an organization to achieve its objective, it is necessary to adopt preventive and reactive measures, which enable the organization to manage and overcome unexpected and uncontrollable situations (contingencies).
A Contingency Plan is an institutional document with the purpose of providing procedural guidelines when it is necessary to mitigate damages resulting from a Contingency.
Plans of this nature are initially developed through the identification of possible problems to the normal flow of business, then, there is the unfolding of strategies that allow to overcome such problems, thus continuing their usual activities.
The Contingency Plans are the control measures for contingency situations.
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