2.2.2 Risk mitigation and contingency plans
The risk mitigation and contingency plans component, which is the second step of Phase II (Figure 1), involves the development of risk response action plans to contain and control the risks (risk planning). An evaluation technique, the hazard totem pole (HTP) analysis, already applied by Tummala and colleagues (Tummala et al., 1994; Tummala and Mak, 2001), can be very helpful in this regard. This technique, described next, is repeated here to stress its applicability also within the supply chain context. It is a useful technique since it integrates in a coherent fashion risk aspects discussed in prior sections, specifically risk consequence severity and probability.