Business continuity planning is a proactive process that ensures a company can continue its operations during and after a disruptive event. This planning involves identifying potential threats, assessing risks, and developing strategies to maintain essential functions.
Characteristics
– Risk Assessment: Evaluating potential risks and their impact on business operations.
– Recovery Strategies: Developing plans to restore operations quickly after a disruption.
– Communication Plans: Establishing clear communication channels for employees, stakeholders, and customers during a crisis.
– Training and Testing: Regularly training staff on the plan and conducting drills to ensure readiness.
– Documentation: Keeping detailed records of the plan, procedures, and responsibilities.
Examples
– Natural Disasters: A company may create a plan to ensure operations can continue after a hurricane by relocating key staff and resources to a safe location.
– Cyber Attacks: Developing a strategy to recover data and restore IT systems after a ransomware attack.
– Pandemic Response: Implementing remote work policies and ensuring access to necessary technology to maintain operations during a health crisis.