Business Continuity Planning Is Essential For Disaster Recovery
Business continuity planning is one of the key elements to business resilience. A business continuity plan is essential if you want to effectively protect your business continuity program. It is a detailed plan of what to do in case of any interruption or complete business failure. Business continuity management begins with strategic planning how to keep your key functions (e.g. IT, finance and marketing, human resources, distribution and production) operating during an outage without disrupting business.
A business continuity management plan covers every step that you take to mitigate the risk of a disaster striking your business. The process is continuous and involves planning and executing various activities to avoid a business failure. A business continuity management plan is an assessment of your business and its operations, which identify threats and what actions need to be taken to manage them. Business continuity management is implemented for every business operation to address issues specific to their industry. For example, a business continuity management plan would deal with the risks arising from natural disasters like a hurricane, tornado, earthquake and fire.
The plan will also consider issues specific to your organization like financial issues, personnel management issues, supply chain management and even distribution issues. These are all unique to each organization, so there is no “one size fits all” approach to disaster recovery. Therefore, organizations will have different needs when it comes to addressing crisis situations. If your business continuity program is not comprehensive and addresses all risks to your business, you are putting yourself at risk of losing assets, clients, revenue, inventory, and potentially more.
A business continuity management plan addresses the risks to the continuity of business processes as well as the operations of the business itself. All processes in an organization are interrelated and if one fails, it affects others. Some business continuity planning considerations include the daily operations of the business as well as the business processes involved in production, inventory and sales. Vital business processes like production management, purchasing, financing, information systems, human resources, production, and even distribution become very important to the success of any business. All of these processes have vital roles in supporting the mission of the organization.
If one area of business is affected by a disaster recovery program, the impact will ripple through the other areas. This means that you cannot afford to ignore the other parts of your organization. In fact, the sooner you act, the better off you are likely to be. To help address the issue of business continuity, most large companies hire a business continuity institute to put together an effective plan.
The business continuity management institute will conduct a risk assessment of your organization and develop a plan for addressing the risk. Often, they will consider things like a data recovery plan or the use of disaster recovery software. A good consultant will work with your people to put together a program that addresses the threats to your business, then provide solutions that can reduce the risk. One thing that many consultants will do is to use tools such as a data-loss record, an incident report, and other documents that document the risks that your company faces. They may also conduct interviews with key employees to determine what your employees know, how they are acting, and whether or not there are any gaps in the understanding that they have.
Once the business continuity planning has been conducted, the company will implement it. Many companies will do this in phases. They will first implement the business continuity management system, conduct a risk assessment, and determine what damages would be faced if a disaster were to occur. Next, they will develop a training plan that provides managers with the knowledge and skills required to implement the plan successfully. Finally, the systems will be tested in a controlled environment. Any improvements made to the system during the testing period will be included in the post-test assessment.
When disaster strikes, the business continuity planning team will step in and provide the leadership the tools they need to make the necessary adjustments to the organization. This team will also coordinate with the business continuity consultant that was responsible for the initial planning. This allows the organization to stay on track and maintain essential processes running smoothly in the event of a disaster. By employing the right business continuity planning team, a business can reduce the amount of time lost in a disaster and can better prepare for the future.