Why Have A Business Continuity Plan

Why Have A Business Continuity Plan-9
Once all worksheets are completed, the worksheets can be tabulated to summarize: Those functions or processes with the highest potential operational and financial impacts become priorities for restoration.The point in time when a function or process must be recovered, before unacceptable consequences could occur, is often referred to as the “Recovery Time Objective.”Recovery of a critical or time-sensitive process requires resources.

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Proper communication can sometimes be the difference between life and death, which is why business continuity planning is important.

Communication processes are an integral part of any continuity plan and should be developed and included well in advance of any incident.

An organization's business continuity plan should contain all processes and procedures necessary to deal with any kind of service disruption — whether that be a server malfunction, office closure, evacuation, or a more serious incident.

The more prepared an organization is before an incident occurs, the more efficient it will be with the resolution.

Therefore, recovery strategies for information technology should be developed so technology can be restored in time to meet the needs of the business.

Manual workarounds should be part of the IT plan so business can continue while computer systems are being restored.

Insurance does not cover all costs and cannot replace customers that defect to the competition.

A business continuity plan to continue business is essential.

When creating a business continuity plan, an organization should attempt to identify all key players in the mitigation efforts and specify their roles and responsibilities.

Knowing who is in charge of what steps in the process will save employees from frantically asking around for the person with the right skill set to deal with the issue.

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