Draft Business Continuity Plan

Draft Business Continuity Plan-69
This responsibility is incorporated into the greater management process of the business, and what is also referred to as “Business Continuity Management”or BCM.The Business Continuity Institute hit the nail right on the head when it described business continuity to be about “building and improving resilience in the business”.BCM is clearly described by the ISO to provide a framework for building organizational resilience, which will allow the organization to respond accordingly, in a way that protects the business, its reputation, and all other stakeholders.

Tags: Daryl Bem Write Research PaperResearch Paper Bullying20 Outstanding Sat Essays (Twenty Essays That Received Top Scores On The Sat)Pumpkin Writing PaperEducational Psychology Topics For A Research PaperIntroduction Brotherhood EssayWriting Introductions To Essays

In a study of mid-sized companies that suffered a major disaster and had no contingency planning in place, it was revealed that, on average, their downtime cost amounted to $70,000 per hour. When their usual source of a specific product or service becomes unavailable, or unable to deliver their goods, customers will naturally look elsewhere for other sources.

Even the most loyal customers may be swayed out of their loyalties if the business fails to rise to the occasion.

Thus, more attention is put on business continuity planning (BCP), which puts the company in a proactive position in planning how to ensure that it will still be able to deliver its critical products and services safely and smoothly, while meeting its legal, regulatory, and other obligations.

We can probably enumerate more than a dozen reasons why businesses should create and maintain BCP initiatives but, at the end of the day, there is only one ultimate goal or purpose for it, and that is to help ensure that the organization, business or company has the required resources, information, and capabilities to deal with emergencies and similar unexpected events, particularly their aftermath.

Of course, if profitability gets a major hit, this will also have adverse effects on business growth strategies.

Business disruptions usually lead to the company spending more on incidental expenses in order to do some damage control.

Organizational resilience means that the business can weather any storm and withstand any hits, and still remain operational, productive and profitable.

Being resilient means that the business is still able to recover and grow, bigger and stronger than ever.

Reduced finished goods inventory means reduced number of products to be sold, which will ultimately result to reduced sales and revenues.

What the company is looking at is a profit level that is much lower than their usual level of earnings.

SHOW COMMENTS

Comments Draft Business Continuity Plan

  • Free Business Continuity Plan Templates Smartsheet
    Reply

    What Is the Purpose of a Business Continuity Plan? Individuals create a business continuity plan to coordinate the business recovery of their respective areas or departments in the event of a short or long-term disruption. A BCP contains all of the information necessary to recover business functions, should a facilities disaster occur.…

  • Building a Business Continuity Plan - AIG
    Reply

    A business continuity plan is a working document that reflects the business as it is and not as it was. It should be concise and easy to use. The procedures state what tasks should be done, but not necessarily how to carry them out. The reason such specifics are avoided is that a successful business continuity plan requires the flexibility to…

  • Ways to Create a Business Continuity Plan - wikiHow
    Reply

    How to Create a Business Continuity Plan Method 1 Understanding What Makes a Good Business Continuity Plan. Method 2 Determining Key Recovery Resources. Make a list of key internal personnel. Method 3 Creating Your Business Continuity Plan. Identify contingency equipment options. Method 4.…

  • Business Continuity Plan Template
    Reply

    The organizational backbone of business continuity planning at MIT is the Business Continuity Management Team. In the event of a disaster affecting an MIT organization or its resources, the Business Continuity Management Team will respond in accordance with this Plan and will initiate specific actions for recovery.…

  • How to create an effective business continuity plan CIO
    Reply

    One common business continuity planning tool is a checklist that includes supplies and equipment, the location of data backups and backup sites, where the plan is available and who should have it.…

  • Sample business continuity plan template for small businesses
    Reply

    A business resumption plan is similar to a business continuity plan, except it does not focus on implementing continuity procedures to keep a business up and running during an interruption or disaster. Rather, a business resumption plan addresses two main points preventive measures and, as the name indicates, resuming operations. Small-business BCP…

  • How to Write a Business Continuity Plan -
    Reply

    Step 1 Identify the scope of The Plan. Step 2 Form your business continuity team. Step 3 Conduct a Business Impact Analysis BIA. Step 4 Strategizing and Planning. Step 5 Compilation and Documentation. Step 6 Implementation and Testing. Step 7 Adjustments and Improvements.…

  • Free Business Continuity Plan Templates Crunch
    Reply

    Save your bacon with our free business continuity plan template. That means having a business continuity plan. Business insurance should be your first stop to make sure money isn’t an issue if the worst should happen – speak to a professional insurance specialist to make sure you have all the cover you need.…

The Latest from dommaxim.ru ©