The current flooding situation is Thailand's worst in five decades, seriously disrupting business activity and causing huge losses. However there are ways that organisations can minimise the impact of such a crisis if they have a properly drawn-up Business Continuity Plan (BCP). If your business, home or community has been hit by floods, your first thoughts naturally focus on survival. Here are some practical emergency management guidelines to help you react to the unexpected.
We combine key lessons from our own recovery at PwC, as well as those of our clients and communities. We have also collated some global insights on how to respond when natural disaster devastates on such a large scale.
We include a high-level Business Continuity Management (BCM) checklist to help you ensure that you have considered all the factors in your response and recovery phase. In the coming weeks and months, we will continue to share our insights to support you in restoring and rebuilding, so that you and your business can emerge even stronger and more resilient.
- an integral part of Corporate Governance
The speed with which modern business is transacted means that a disruption of only a few hours can have a catastrophic impact on the profitability and reputation of the affected organisation. Although this will have an immediate and adverse impact, it can also damage an organisation’s long term viability.
Business continuity management (BCM) will help to prevent operational interruptions, crises and disasters happening and will help organisations quickly return to a state of 'business as usual' should any of these events occur. Once it has been prepared the business continuity plans (BCP) must be tested and exercised to ensure that they will perform as anticipated.
Organisations cannot possibly prepare for every scenario but the more extensive planning and preparation, the better-prepared is the organisation to react to the unexpected. A robust Business Continuity Plan (BCP) documents the steps to be taken, the resources needed and the procedures to be followed before, during and after the crisis. Strong Business Continuity Management (BCM) offers the following:
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Our engagements can begin anywhere along the following BCM lifecycle and are tailored to your organisation’s operating strategy and business requirements.