What is a fallback plan?

A fallback plan is a backup course of action that comes into effect if the main plan fails or unforeseen problems arise. In project management, it helps minimize risks and ensure the achievement of project goals even in case of failures.

For example, if the main equipment supply is delayed, a fallback plan might involve using an alternative supplier or a temporary solution to avoid stopping work.

Having such a plan increases the project's resilience to risks and allows for quick responses to changing situations.