20 Abr How Business Continuity Planning Can Help Your Company Weather a Crisis
Your organization can suffer from a number of negative consequences when disaster happens. Customers may leave or suppliers may stop providing support, and investors or capital sources could stop funding. These issues could put pressure on managers to ensure that the business is running smoothly. A well-crafted business continuity can help your company weather any crisis.
A business continuity plan is a blueprint for the functions that need to continue running in the event a disaster, and defines the resources needed to run these functions. The first important step in the process is to conduct a risk analysis (BIA) and a risk assessment (RA).
From there, companies must decide how to respond to every threat that is identified and what the acceptable amount of downtime can be for each essential job. The next step is making an emergency response plan which is a thorough document that outlines step-by-step procedures. The plan should include contact details for emergency services recovery strategies, as well as specific steps to take.
It’s also a good idea to test and review your business continuity plans frequently. During this time you can make use of tabletop exercises, simulations, as well as other types of tests to determine if your plan is effective in the event of a real-world disaster. These tests can also reveal areas that need to be improved. Keeping your business continuity plan up-to-date is vital, particularly when your technology, processes and employees change in the course of time. Regular testing and reviewing can ensure that your plan is well-prepared to handle any disaster.