A contingency plan template is a detailed document which is prepared to deal with emergency situations in business for instance any natural disaster, business loss due to market situations etc. This plan will serve as a set of backup procedures in case of any type of emergency. Names and contact details of all concerned people along with their duties, list of resources and all finance related information will be mentioned in this document. This plan can also be prepared for an individual business plan to deal with the contingencies efficiently. Every contingency plan template and project plan should be prepared…