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Please answer the following questions from the topics discussed for Prepare, implement, monitor and modify contingency plans:

1.a. Explain the process of preparing contingency plans. Your response should be approximately 50-100 words.

b. Explain the process of implementing contingency plans. Your response should be approximately 50-100 words.

c. Provide implementation strategies to support your contingency plans in order to maintain financial objectives. Your response should be approximately 150 -200 words

d.Explain the process of monitoring of contingency plans. Your response should be approximately 50-100 words.