That said, what are some of the potential benefits associated
with a strong BC practice? To understand more specifically, let’s
take a closer look at some of the key planning areas associated
with business continuity.
You can think of the business continuity function hand in hand
with risk management practices. Business continuity is responsible for managing operational risks associated with business disruptions in order to maintain operational resiliency. Any organization with a risk-adverse focus should have comprehensive and
effective business continuity plans. An effectiveness BC program
creates crisis management, business continuity, and disaster recovery plans, which represents key controls in managing operational risks associated with a disruption or emergency. A comprehensive and well-integrated BC function will provide synergy with
the goals and objectives set forth by enterprise risk management
(ERM).
BC Benefits:
u;Addresses;a;key;area;of;enterprise;risk;management
u;Identifies;threats;and;evaluates;controls;to;mitigate;risks
u;Provides;an;avenue;to;promote;an;effective;risk;awareness
mindset
u;Assesses;continuity;risks;associated;with;the;business;supply
chain
Crisis/emergency management planning is about developing
plans to respond to and manage any incident with the potential
to impact business operations. It is not evacuation and life safety
plans, although there is a relationship. Crisis/emergency management planning provides direct and immediate benefits to an organization. No company wants to experience an emergency event.
Even worse, no company wants to experience an emergency
event and not be prepared to respond. An effective crisis/emergency management planning process will help protect company
assets, including employees and families, prepare the company to
respond and address communications, and minimize the impact
of any type of incident. Testing (staged events) should occur on a
regular basis for every company office.
BC Benefits:
u;Protects;corporate;assets;including;people
u;Prepares;key;people;at;company;offices;to;respond
u;Addresses;crisis;communications;to;protect;company;reputation
u;Develops;notification;processes;and;employee;contact;information
u;Practices;crisis;events;and;plans;for;specific;crisis;events/scenarios
u;Improves;employee;morale;and;sense;of;security
No one area within any organization can succeed as an island,
and continuity planning for the business areas brings this into
BC/DR Grows Up
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