Business continuity planning (BCP) is the process involved in creating a system of prevention and recovery from potential threats to a company.
Business continuity planning (BCP) is the process involved in creating a system of prevention and recovery from potential threats to a company.Tags: Questions On Problem SolvingThree Elements Of An EssayEssay For Internship ApplicationHeader For Research PaperHomework Primary SchoolExamples Of Thesis Statements For Research PaperPressure In School EssayIntroduction To Creative Writing Lesson Plan
A Business impact analysis (BIA) differentiates critical (urgent) and non-critical (non-urgent) organization functions/activities.
A function may be considered critical if dictated by law.
Businesses are prone to a host of disasters that vary in degree from minor to catastrophic.
Business continuity planning is typically meant to help a company continue operating in the event of major disasters such as fires.
Often called resilience, it is a capability that enables organizations to either endure environmental changes without having to permanently adapt, or the organization is forced to adapt a new way of working that better suits the new environmental conditions.
Any event that could negatively impact operations should be included in the plan, such as supply chain interruption, loss of or damage to critical infrastructure (major machinery or computing /network resource). outlines a range of disaster scenarios and the steps the business will take in any particular scenario to return to regular trade.A 2005 analysis of how disruptions can adversely affect the operations of corporations and how investments in resilience can give a competitive advantage over entities not prepared for various contingencies, and the term "strategic resilience" is now used to go beyond resisting a one-time crisis, but rather continuously anticipating and adjusting, "before the case for change becomes desperately obvious." This approach is sometimes summarized as: preparedness, Business continuity is the intended outcome of proper execution of Business continuity planning and Disaster recovery.It is the payoff for cost-effective buying of spare machines and servers, performing backups and bringing them off-site, assigning responsibility, performing drills, educating employees and being vigilant.These documents give a practical plan to deal with most eventualities—from extreme weather conditions to terrorism, IT system failure, and staff sickness.In 2004, following crises in the preceding years, the UK government passed the Civil Contingencies Act of 2004: Businesses must have continuity planning measures to survive and continue to thrive whilst working towards keeping the incident as minimal as possible.BCP's are written ahead of time and can also include precautions to be put in place.Usually created with the input of key staff as well as stakeholders, a BCP is a set of contingencies to minimize potential harm to businesses during adverse scenarios.BCPs are different from a disaster recovery plan, which focuses on the recovery of a company's IT system after a crisis. It may put a BCP in place by taking steps including backing up its computer and client files offsite.If something were to happen to the company's corporate office, its satellite offices would still have access to important information.For each function, two values are assigned: The above areas can cascade: Responders can stumble. During the 2002-2003 SARS outbreak, some organizations compartmentalized and rotated teams to match the incubation period of the disease.They also banned in-person contact during both business and non-business hours. Impact scenarios are identified and documented: Within the UK, BS 25999-07 and BS 25999-06 used for business continuity management across all organizations, industries and sectors.