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Business Continuity Planning

Business continuity planning can ensure that an organization can function with the least disruption possible after a disaster. Unexpected interruptions can take many forms, like floods, cyber-attacks or the loss of important staff members or suppliers. These kinds of incidents can be devastating for a company, resulting in the loss of revenue and clients as in addition to damage to the brand’s reputation.

A business continuity plan is created to reduce these risks by defining procedures and guidelines that the business must follow in event of an emergency. This involves identifying the likely consequences of each incident, determining the appropriate steps should be taken to minimize that impact, and who is responsible for directing the situation. The process begins with a business impact analysis. The next step is to put together an emergency management team that is the team who will lead in the event of a crisis.

A BCP is incomplete without training, which helps employees know what to do if disaster occurs. Alongside training it is crucial to have a thorough and easily accessible plan, and regularly testing the plan. During testing, it could be beneficial to include younger members of the team to give them “fresh eyes” that could pick up on paperless board meetings details that the more experienced members have overlooked.

It is crucial to be prepared for natural disasters that can happen at any time. A well-planned business continuity plan will give your organization the resources needed to cope with any eventuality. This will keep your customers content and boost your profit margins.

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