contingency

Vocabulary Word

Definition

When you hear 'contingency,' think of it as a backup plan or a possible future event that you need to prepare for. Like a basketball team planning different plays based on how the opponents act.

Examples in Different Contexts

In software development, 'contingency' plans are developed to handle unexpected system failures. A tech lead might explain, 'We’ve established contingency protocols to ensure data integrity in the event of a system breach.'

Practice Scenarios

Impact

Scenario:

The likelihood of hurricanes in this region has increased. We need to revisit our disaster management protocols.

Response:

Absolutely, we should implement a contingency plan to ensure we're prepared for potential environmental disasters.

Business

Scenario:

Our business relies heavily on our main supplier. However, their recent inconsistency is concerning.

Response:

Considering our supplier's unpredictability, we should establish a contingency plan with alternate vendors.