Do I need a Business Continuity Plan?
A business continuity plan is prepared at a minimum annually, more frequently if requested. It may be the single most comprehensive document presented to senior management of your organization which details the status of the organizations business continuity program. A Business Continuity Plan provides senior management with an ability to determine that the program strategy is being met, that the funding is adequate, and that risks to the business are adequately addressed.
What should be in a Business Continuity Plan?
Ideally a Business Continuity Report should contain a number of sections such as:
- Progress made on developing the plans
- Instances where an incident occurred which caused a plan to be enacted and the corresponding response to that incident
- Results of Testing and/or Rehearsal of the plans
- Results of internal audits on the plans showing how well they are being maintained
- Recommendations to improve established processes and communication links
- Recommendations to augment the strategic direction of the program as a whole
Depending on the size and scale of your business continuity program, the plan may or may not include all elements referenced above.
An organization’s approach to business continuity matures as management appreciates and deals with the associated risks, investing in a variety of measures to ensure that the business will survive almost any challenge thrown at it.
Business Continuity Management and Leadership
Business continuity management and planning leadership needs to be business-driven and it starts right at the top of the organization organizational chart with a clear appreciation of how business continuity, resilience, recovery, and contingency are of strategic value to the organization.
The maturation process of an organization’s business continuity planning capabilities may take several years, and in fact is never ending in the sense that, in order to remain effective, business continuity arrangements must evolve in line with changes to the business, technologies, relationships, and risks.