Note how it is used (more often without 'is':
In order to ensure the best possible power and road grip whatever the situation, the Volvo S80 T6 and V8 models are equipped with Volvo's active All Wheel ...
Whatever the situation we find ourselves in, however unpleasant or bland, ...
2-bedded paediatric intensive care unit which offers parents the security of
knowing their child is in safe hands whatever the situation or treatment. ...
Whatever the situation, it is the people themselves who have to resolve to meet the situation with courage and fortitude.