Why Have A Business Continuity Plan

Why Have A Business Continuity Plan-4
Confusion creates panic, and panic induces unneeded risks.

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After all managers have completed their worksheets, information should be reviewed. Meetings with individual managers should be held to clarify information and obtain missing information.

After all worksheets have been completed and validated, the priorities for restoration of business processes should be identified.

The Operational & Financial Impacts worksheet can be used to capture this information as discussed in Business Impact Analysis.

The worksheet should be completed by business function and process managers with sufficient knowledge of the business.

An organization's business continuity plan should contain all processes and procedures necessary to deal with any kind of service disruption — whether that be a server malfunction, office closure, evacuation, or a more serious incident.

The more prepared an organization is before an incident occurs, the more efficient it will be with the resolution.Once all worksheets are completed, the worksheets can be tabulated to summarize: Those functions or processes with the highest potential operational and financial impacts become priorities for restoration.The point in time when a function or process must be recovered, before unacceptable consequences could occur, is often referred to as the “Recovery Time Objective.”Recovery of a critical or time-sensitive process requires resources.Business continuity impact analysis identifies the effects resulting from disruption of business functions and processes.It also uses information to make decisions about recovery priorities and strategies.Business Continuity Planning Process Diagram - Text Version When business is disrupted, it can cost money.Lost revenues plus extra expenses means reduced profits.Therefore, recovery strategies for information technology should be developed so technology can be restored in time to meet the needs of the business.Manual workarounds should be part of the IT plan so business can continue while computer systems are being restored.When creating a business continuity plan, an organization should attempt to identify all key players in the mitigation efforts and specify their roles and responsibilities.Knowing who is in charge of what steps in the process will save employees from frantically asking around for the person with the right skill set to deal with the issue.

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