Continuity
Planning
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INTRODUCTION
Operating disruptions can occur with or without warning, and the results may
be predictable or unknown. Because all organizations – public, private, non-
profit or governmental - are subject to various threats such as natural
disasters, technological failure, human error or terrorism it is important their
business operations are resilient and the effects of disruptions in service
are minimized in order to maintain public trust and confidence. Effective
business continuity planning establishes the basis for organizations to
maintain and recover business processes when operations have been
disrupted unexpectedly.
Business continuity planning is the process whereby organizations ensure
the maintenance or recovery of operations, including services to customers,
when confronted with adverse events such as natural disasters,
technological failures, human error, or terrorism. The objectives of a
business continuity plan (BCP) are to minimize financial loss to the
organization; continue to serve customers and financial market participants;
and mitigate the negative effects disruptions can have on an organization’s
strategic plans, reputation, operations, liquidity, credit quality, market
position, and ability to remain in compliance with applicable laws and
regulations. Changing business processes (internally) to organization and
externally among interdependent services (companies) and new threat
scenarios require organizations to maintain updated and viable BCPs.
The 4 areas to review are:
BOARD AND SENIOR MANAGEMENT RESPONSIBILITIES..... more
BUSINESS IMPACT ANALYSIS (BIA) ......................................... more
RISK ASSESSMENT ...................................................................... more
RISK MANAGEMENT...................................................................... more
are planning to fail”
Benjamin Franklin
