the state or condition of having little or no money, goods, or means of support; condition of being poor. Synonyms: privation, neediness, destitution, indigence, pauperism, penury. Antonyms: riches, wealth, plenty.
Part of the Business terms glossary: An action plan is a document that lists what steps must be taken in order to achieve a specific goal. The purpose of an action plan is to clarify what resources are required to reach the goal, formulate a timeline for when specific tasks need to be completed and determine what resources are required.
Part of the Business terms glossary: A contingency plan is a course of action designed to help an organization respond effectively to a significant future event or situation that may or may not happen.A contingency plan is sometimes referred to as Plan B, because it can be also used as an alternative for action if expected results fail to materialize.ontingency planning is a component of business continuity, disaster recovery and risk management. The seven-steps outlined for an IT contingency plan in the NIST 800-34 Rev. 1 publication are: 1.