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Fear? Not If You Use a Business Continuity Plan The Right Way!

Business Continuity Planning Solutions lists out the necessary steps and relevant processes that need to be put in use to identify and protect business processes required to maintain an acceptable level of operations during a crisis

Here, 11 steps to Start Building A Business Continuity Plan You Always Wanted and also helps to Develop an Effective Business Continuity measures

Few of the key steps are listed below:

  1. A clear understanding of the Business and scope of operations (including geographical spread)
  2. Where is the organization ‘positioned’ in the “Business Chain?”
    •    Am I a Service Provider / Supplier / Customer / Goods Producer etc.?
    •    Understand the significance (i.e. the importance or seriousness)
  3. Assign - Roles and Responsibilities of BC Team (to name a few)
    •    Overall BC structure
    •    Incident Response Team
    •    Damage Assessment Team
    •    Operations Recovery Team
    •    Recovery Support Team
    •    Partners, Vendors Support
    •    People identified to perform BIA, RA, etc
  4. Perform Business Impact Analysis (BIA) on key business processes (BIA is done Identify potential financial and non-financial impacts due to disruption in performing an activity/process and to arrive at Recovery Time frames)
    •    Identify key business processes
      • If a process has a significant impact on (any one of the below attributes), then the process is taken up for BIA
      • Business Objectives / Financial loss in case of disruption / Regulatory issues / Impact on Customers / Vendor Relation / Employee Morale
    •   Impact of the incident/disaster
      • customer deliverables / brand, reputation /  organization assets / compromise on intellectual property / staff, associates / Legal or regulatory impact
  5. Risk Analysis (RA)
    •    On enablers (or drivers), stepwise of each of the key business processes
    •    On General threats like (Flood, Fire, Civil unrest, etc)
    •    On specific threats as identified in the organization’s context (i.e the environment in which the organization operates)
  6. Decide on Recovery Strategy (based on 4 & 5)
  7. Arrive at resources needed to execute BCP (manpower, IT infra, Physical infra, Vendor support, monetary support, etc)
  8. BCP (Business Continuity Plan) Document captures a sequence of actions that counteracts the risk that has materialized covering 6 Rs
    •    Reduce the impact of the incident
    •    Response (immediate) - containment along with other actions
    •    Recover critical processes or services at the defined recovery site
    •    Resume critical services from the recovery site
    •    Restore primary site (if possible and feasible cost-wise also)
      • Else continue and establish operations at the recovery site permanently.
    •    Return to the primary site and start conducting business as usual
  9. Communication Plan to
    •    Employees including their emergency contacts
    •    Customers, Suppliers, Vendors and Service Providers
    •    Shareholders, Board
    •    Regulatory authorities
    •    General public
    •    Media (Print Media, TV, etc)
  10. Training and Awareness on BCP to staff, associates, vendors
  11. BCP exercising and Testing
    •    Call Tree
    •    Table Top
    •    Full systematic walk-through
    •    Part simulation
    •    Learningial simulation
    •    Full  and Improving

When to invoke BCP 

  1. The occurrence of an event (say civil unrest)
  2. Monitor the situation (the event is beginning to have a minor impact on the organization’s business)
  3. Event is unpredictable – either it can fall flat or blow up large scale
  4. Staff monitoring the situation - passes on developments to the BCMS team.
  5. Upon reaching a thresholdFree Articles, based on ground reality – BCP is invoked to prevent large scale disruption.

Here you need to find the best End-to-End Business Continuity Testing Service 

Is Covid19 affect your businesses? Get the Effective Business Continuity Plan for your business and know the covid19 related BCP measures. 

Source: Free Articles from ArticlesFactory.com

ABOUT THE AUTHOR


Priya is a passionate content writer and Digital Marketing Analyst. Having 5+ years of Experience in Digital Marketing. Currently Working in IARM, Information Security Service in chennai

About IARM

IARM focussing on Information / Cybersecurity services and solutions across all verticals. We are one of the few companies in India to focus exclusively on End-End Information Security solutions and services.

Read more about what service we offer and how we can provide service to your business to avoid any interruptions.



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