Why Is A Business Continuity Plan Important

Why Is A Business Continuity Plan Important-79
There are three primary aspects to a business continuity plan for key applications and processes: Evolution of business continuity plans Business continuity planning emerged from disaster recovery planning in the early 1970s.Financial organizations, such as banks and insurance companies, invested in alternative sites.At the same time, business continuity planning was becoming more complex because it had to consider application architectures such as distributed applications, distributed processing, distributed data and hybrid computing environments.

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Further, insurance coverage may not be available to make you whole.

To survive, you need a different mindset and a different strategic business plan.

On August 20, 2018, Southwest Wisconsin was swamped with such record setting rainfall that a state of emergency was declared.[i] It impacted our affiliated team’s office as well as their design and fabrication site.

When we think about preparing for disaster, we think about the project site.

Plans may provide detailed strategies on how business operations can be maintained for both short-term and long-term outages.

A key component of a business continuity plan (BCP) is a disaster recovery plan that contains strategies for handling IT disruptions to networks, servers, personal computers and mobile devices.Businesses thought beyond disaster recovery and more holistically about the entire business continuity process.Companies realized that without a thorough business continuity plan they might lose customers and their competitive advantage.Understand that when a disaster strikes you are in , not business as usual. In the short term, it means loss of revenue and extra expenses for every day you are out of business.Other potential impacts include the inability to preserve client relationships and the loss of talented employees.The plan should cover how to reestablish office productivity and enterprise software so that key business needs can be met.Manual workarounds should be outlined in the plan, so operations can continue until computer systems can be restored.This was due to understanding that this was survival mode and that teamwork beyond the normal course of business was necessary.For a similar positive outcome, take the time to identify potential impacts on your business if a disaster strikes, create a business continuity plan to minimize those impacts, and prepare by testing its effectiveness. But what if the disaster happens back at the office?What have you prepared in advance so that you can keep the business going - even if the lights go out?

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