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Anyone Heard About Business Continuity Plan?
When business is disrupted, it can cost money. Lost revenues plus extra expenses means reduced profits. Insurance does not cover all costs and cannot replace customers that defect to the competition. A business continuity plan to continue business is essential. Development of a business continuity plan includes four steps:
  • Conduct a business impact analysis to identify time-sensitive or critical business functions and processes and the resources that support them.
  • Identify, document, and implement to recover critical business functions and processes.
  • Organize a business continuity team and compile a business continuity plan to manage a business disruption.
  • Conduct training for the business continuity team and testing and exercises to evaluate recovery strategies and the plan.
Information technology (IT) includes many components such as networks, servers, desktop and laptop computers and wireless devices. The ability to run both office productivity and enterprise software is critical. Therefore, recovery strategies for information technology should be developed so technology can be restored in time to meet the needs of the business. Manual workarounds should be part of the IT plan so business can continue while computer systems are being restored.

Yup, basically this is a larger contingency plan.
Nope.. First time I've heard this....
I am also heard first time about that....!!!
Is contingency plan and damage control plan part of business continuity?
BCP is consider redundant for SME until they have entered their performing phase.

Unless it is mission critical task that need backup, otherwise a lean resource model will be more important.

Mess with the best, die like the rest.
This is just a small section in business management.
It is like fire drill, you need to constantly practice is in order for it to be effective. If you have a plan and will only execute it for the first time when things happen, then it is the same as last minute solution
Small business should focus on sales and marketing plan first
So what is the real benefit of BCP?

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