How business continuity plans related to Contingency planning ?

Business continuity plans are a key component of contingency planning. Contingency planning involves identifying potential risks and developing strategies to mitigate those risks in order to ensure the continued operation of a business in the event of a disruption. Business continuity plans outline the steps that need to be taken to maintain essential functions and services during and after a disruption, such as a natural disaster, cyber attack, or other unforeseen event. By having a business continuity plan in place, organizations can better prepare for and respond to disruptions, minimizing the impact on operations and ensuring the continuity of business activities. In essence, business continuity plans are a proactive approach to contingency planning, helping organizations to be better prepared for and able to respond to unexpected events.