If those deliverables are inconsistent in any way, customers take note — and their dissatisfaction can become a business threat all its own.
Such disaster scenarios include: The goal of a BCP is to mitigate the damage and reinstate operations before any of the above scenarios become existential business threats.
Even small-seeming events like a severe storm damaging physical building infrastructure can trigger consequences affecting other core business domains.
When well executed, business continuity plans turn emergencies from hemorrhages into hiccups.
Operations can pick up where they left off, continuing to serve your clients and customers, deliver value and protect the integrity of your overall business.
They also need to comfort their own employees, communicating swiftly and transparently what the issue is, what’s affected and all action steps currently and projectively underway.
Clear communication keeps employee stress and confusion to a minimum.
These risk areas a BIA helps identify include, but aren’t limited to, domains like: From BIA’s calculations, you determine which operations are most critically valuable to your company’s existence.
In addition, they also outline worst-case but acceptable downtime projections, including manageable revenue losses due to operational disruptions and how one downed process affects others downstream.
Business continuity plans are pre-drafted, pre-determined protocols for how your organization will overcome a business disruption caused by an emergency.
Containing a serialized checklist of risk-mitigating actions to take, business continuity planning addresses both natural and human disasters that can strike, ultimately bringing operations to a halt.