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At a Glance
Business continuity refers to the planning and preparation did ahead of time to guarantee that an organization’s essential business functions can continue to operate in the event of an emergency. Natural catastrophes, business crises, pandemics, workplace violence, or any other event that disrupts your business operations are examples of events.
It’s more extensive than a disaster recovery plan since it includes contingencies for business processes, assets, human resources, and business partners, all aspects of the company that might be impacted. Business continuity covers the planning and preparation required to guarantee that an organization’s essential business operations can be performed in the case of an emergency.
A business can be disrupted in several ways. Some firms face dangers unique to their sector. Still, other situations may affect any organization, including Global Pandemic, Natural Disasters, Man-made disasters, Utility failures, Intentional Sabotage, and Cybersecurity attacks.
A checklist of supplies and equipment, data backups, and backup site locations is usually included in plans. They can consist of contact information for emergency responders, essential individuals, backup site suppliers, and plan administrators. The plans also contain specific methods for maintaining business operations during both short- and long-term disruptions.
To have a proper Business Continuity Plan, a Business Continuity Management (BCM) team is necessary,
Business Continuity Management (BCM) Team
The following are the essential aspects in a BCM Team,
- Sponsor: The top management person in charge of the BCM program’s general duty and accountability.
- The Business Continuity Manager: The person who is directly responsible for the BCM program.
- Assistant Business Continuity Manager: The Business Continuity Manager’s backup. This may be a named or assigned post.
- Administrative Assistant: The person in charge of assisting the BCM team. This is usually an administrative assistant from the Business Continuity office or another member of the executive assistant team if one exists.
In addition to these experts, representatives from business units and IT must be brought in to contribute to the formulation of suitable business and technology recovery plans. From a functional standpoint, non-BCM workers will handle recovery planning, while the BCM team will give advice and assistance.
Main Components of the Plan
A disaster recovery plan, which includes techniques for dealing with IT interruptions to networks, servers, personal computers, and mobile devices, is an essential part of a business continuity plan (BCP). The strategy should include how to reestablish office productivity and enterprise software to meet critical company demands.
A business continuity plan for critical applications and processes has three main components,
- High Availability: Provide the capacity and practices to ensure that a company’s apps are accessible regardless of local failures. These breakdowns might incorporate processes, physical buildings, or IT hardware or software.
- Continuous operations: Protect your ability to keep things operating in the event of an interruption, as well as during planned outages such as backups or maintenance.
- Disaster recovery: Establish a plan to restore a data center in a new location if a calamity destroys or renders the current site unworkable.
COVID and other emergencies can affect business owners too. It may knock them offline for a few days, two weeks, or, in the worst-case scenario, indefinitely. The preparation, as mentioned above, is equally crucial for the company’s CEOs and their executive teams.
Businesses have learned that they need to do more than build a solid infrastructure that supports expansion and protects data to survive and prosper in the face of numerous dangers. Companies are increasingly building comprehensive business continuity strategies that can keep their company functioning, secure their data, protect the brand, and retain customers, all while lowering total operating expenses over time.
Business Continuity Planning helps a company in the long run. It is a critical and essential part of a company’s scheme of things.