Definition Of Business Continuity Plan

Definition Of Business Continuity Plan-49
Business Continuity Planning is a proactive planning process that ensures critical services or products are delivered during a disruption.

Business Continuity Planning is a proactive planning process that ensures critical services or products are delivered during a disruption.

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Would fines or penalties from breaches of legal responsibilities, agreements, or governmental regulations be an issue, and if so, what are the penalties?

Estimates are required to determine the approximate cost of the loss of consumer and investor confidence, damage to reputation, loss of competitiveness, reduced market share, and violation of laws and regulations.

The BCP senior management committee is responsible for the oversight, initiation, planning, approval, testing and audit of the BCP.

It also implements the BCP, coordinates activities, approves the BIA survey, oversees the creation of continuity plans and reviews the results of quality assurance activities.

Even though buildings were destroyed and blocks of Manhattan were affected, businesses and institutions with good continuity plans survived.

The lessons learned include: Continuous Service Delivery Assurance (CSDA) is a commitment to continuous delivery of critical services that avoids immediate severe disruption to an organization.Loss of image or reputation is especially important for public institutions as they are often perceived as having higher standards.Since few organizations can afford to pay the full costs of a recovery; having insurance ensures that recovery is fully or partially financed.A Disaster Recovery Plan deals with recovering Information Technology (IT) assets after a disastrous interruption.Both imply a stoppage in critical operations and are reactive.Once the critical services or products are identified, they must be prioritized based on minimum acceptable delivery levels and the maximum period of time the service can be down before severe damage to the organization results.To determine the ranking of critical services, information is required to determine impact of a disruption to service delivery, loss of revenue, additional expenses and intangible losses.This publication provides a summary and general guidelines for business continuity planning (BCP).While governments, not-for-profit institutions, and non-governmental organizations also deliver critical services, private organizations must continuously deliver products and services to satisfy shareholders and to survive.If a business function or process is inoperable, how long would it take before additional expenses would start to add up?How long could the function be unavailable before extra personnel would have to be hired?

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