It does this by identifying the core underlying processes of the organization that directly affect its bottom line and finding alternate or back-up processes in the event of disruption. The business continuity plan itself is exactly how it sounds — it’s a plan or roadmap for the business to follow when a situation occurs that threatens the continuity of business. Any event that could impact operations is included, such as supply chain disruption, loss of or damage to critical infrastructure (power, machinery, IT systems).
The creation of a strategy through the recognition of threats and risks facing a company, with an eye to ensure that personnel and assets are protected and able to function in the event of a disaster. Business continuity planning (BCP) involves defining potential risks, determining how those risks will affect operations, implementing safeguards and procedures designed to mitigate those risks, testing those procedures to ensure that they work, and periodically reviewing the process to make sure that it is up to date.
Sungard Availability Services’ AssuranceCM business continuity software is designed by users and for users, this next-generation business continuity management solution removes the barriers to organization-wide engagement and builds greater confidence in your Plan B. It goes beyond simply addressing compliance requirements. Rather, it is about preparing teams to recognize threats to the business and empowering them to engage locally before incidents lead to major disruptions.