contingency analysis

Contingency analysis is a method used to assess potential outcomes based on different scenarios. In general knowledge contexts, it helps predict how events might unfold if certain conditions change. For example, in business, it can evaluate risks by examining what might happen if a market shifts or a competitor emerges. By analyzing various "what if" scenarios, decision-makers can better understand possible impacts, prepare for uncertainties, and make informed choices to navigate future challenges. Essentially, it’s a tool for strategic planning and risk management.