February 24, 2017
On LinkedIn, the company stated that businesses should “expect the unexpected”, and that in “implementing a business continuity plan”, the “first hurdle to starting” is “simply beginning the process of evaluating risk”, with the first step “project initiation and management”. Here, a company should “define the business continuity plan’s project objectives and requirements and identify team assignments and executive support”.
Next, it outlines “impact analysis and risk assessment”, noting that here companies should “conduct operational assessment and interviews”, as well as “determine the hazards and threats that could make a business vulnerable”. Third was the “development of [a] readiness strategy”, as “if a catastrophic event occurs, discuss where the business will go, how it will operate and what will be done for employees”.
The fourth step was to create “plan documentation”, and here “document the business continuity plan including crisis management-incident response, site/operational recovery and IT/systems recovery”. Fifth was “awareness and training programmes”, in which companies should “train key executives and employees on the business continuity plan and their roles in a recovery”.
Finally, All Copy Products noted that businesses should undertake “recurring evaluation, maintenance and testing”, and “regularly review the plan’s risks and objectives along with tabletop exercise for developed plans”.
Categories : Around the Industry