What Is Business Continuity Plan (BCP)?

A business continuity plan (BCP) is a record that consists of the critical information a business must continue operating during an unplanned event. Download your checklist for completing an actionable business continuity (BC) plan-with this all-in-one, ready-to download PDF containing 7 BC planning errors to avoid and 11 steps to ensure sure-fire continuity. Corporate and business E-mail Address: You forgot to provide an EMAIL.

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The BCP should state the essential functions of the business, identify which procedures and systems must be sustained, and fine detail how to keep them. It should consider any possible business disruption. With risks which range from cyberattacks to natural disasters to human error, it is vital for an organization to have a business continuity plan to preserve its health and reputation. A proper BCP decreases the chance of a costly outage. While IT administrators often create the program, the participation of executive staff can aid the process, adding knowledge of the ongoing company, providing oversight and assisting to ensure the BCP is up to date regularly.

BCP is a proactive business process that enables a company to comprehend potential weaknesses and risks to their business in times of turmoil. The creation of a continuity plan assures that company leaders can react quickly and efficiently to business interruption. A BCP allows an organization to keep to serve customers during a crisis and minimize the likelihood of customers going to competitors. A BCP decreases business downtime, and outlines the steps to be studied — before, after and during an emergency — in order to maintain the business’s financial viability. How would the section function if desktops, laptops, machines, email and internet access were unavailable?

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What single points of failure exist? What risk controls or risk management systems are in place? What exactly are the critical outsourced relationships and dependencies? During a disruption, what workarounds are there for key business processes? What is the minimum number of staff needed and what functions would they need to perform?

What will be the key skills, knowledge or expertise had a need to recover? What critical security or functional controls are down needed if systems are? Once the business has made a decision to undertake the planning process, the RA and BIA help to collect important data. The BIA pinpoints the mission-critical functions that has to continue throughout a crisis and the resources had a need to maintain those operations.

The RA details the internal and exterior risks and dangers, the probability of them happening and the possible damage they can cause. The next step decides the best ways to deal with the potential risks and threats discussed in the BIA and RA, and the way to limit harm from an event. A successful business continuity plan defines step-by-step techniques for response.

The BCP shouldn’t be overly complex and does not need to be hundreds of pages long; it should contain the ideal amount of information to keep the business running. For a little business, especially, a one-page plan with all the necessary details can be more helpful than a long one that is overwhelming and difficult to use. Those details should include the minimum resources needed for business continuance, the locations where that may take place, the workers needed to accomplish it and potential costs.

1. Decide who’ll oversee the program. Ideally, a BCP committee includes business, security and IT market leaders. 2. Conduct the business impact analysis (BIA). Who will be affected by a business disruption? Who holds hard/remote copies of contact information for top customers/clients? How and when will customers/employees/management be notified?