Catastrophic events are occurring more regularly and having devastating consequences across companies' operations. As companies begin to realize the new normal, which consists of longer lasting business disruptions, events are compelling them to evaluate their current crisis management programs to assess implementing a comprehensive business continuity program.
Plans that detail a business's initial emergency response provide a roadmap for keeping operations running through a crisis and ready a business for the return to full operational effectiveness in the weeks that follow a disruption. These forward-thinking solutions are critical components to effective business continuity programs.
A good business continuity plan takes a holistic view of the enterprise, identifying the critical aspects of the business; the moving parts that contribute to their functioning (people, systems, data, networks, suppliers, facilities): the full range of stakeholders affecting and affected by that functioning (personnel, customers, regulators, etc.); and the internal and external potentialities that could affect a return to operational strength (transportation, power, and communications infrastructure, human behavior, etc.). Effective planning:
An effective BCM program: