Business
Continuity Plan |
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A Business Continuity
Plan (BCP - private) or Continuity of Operations Plan (COOP - public)
is a proactive executive commanded business interruption event management
program driven by business requirements. A more formal definition
of business continuity is:
"Business Continuity is the ability to sustain mission critical
business processes during an unplanned interruption event."
A BCP is a "live document" that is aligned and/or infused
into the operational capabilities and strategy of the enterprise.
As a proactive management controlled program, a BCP mitigates the
consequences of a business interruption event to a level acceptable
to management. Also, the BCP provides a proven and tested methodology
to effectively permit resumption of interrupted business functions.
Without an effective and working BCP, businesses can experience significant
cash flow reduction and even bankruptcy due to any of the following:
- Negative or misaligned public perception
- Inability to maintain customer support
- Inability to effectively communicate internally or externally
- Excessive time for reconstitution to normal operations
- Loss of key vendors and/or partners
- Decreased credibility to investors
- Existing customers will jump to competition
- Increase in employee stress and decrease in moral
- Key projects are delayed or cancelled
Think of your BCP as the action plan that helps to ensure full operational
integrity and information availability. It's not just about the ones
and zeros of your business data, it's about validating and ensuring
ongoing business processes and key functions prior, during and post
a business interruption event. A well tested and validated BCP provides
the following value to your business enterprise:
- Ensures the safety of your most valued asset Ð the employee
- Minimizes and/or mitigates financial losses to the enterprise
- Ensures the on-going availability of key business services and operations
- Compliance to government sponsored regulations such as the HIPAA Security Rule 164.308(a)(7)(i),
GLBA, Sarbanes-Oxley, and Presidential Decision Directive (PDD) FPC-65
- Ensures the timely and effective resumption of key business functions
- Marketed correctly -- can increase revenues while
differentiating your business
- Mitigates corporate and personal liabilities
- Positively enhances public opinion
With the onset of the information age and an increase in new business
methodologies leveraged by emerging technologies, your business enterprise
cannot afford to operate without a well executed BCP. Business continuity
is here to stay and Contingency Now is here to help you solve information
availability and continuity of operation's problems. |
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