Business Continuity ImportanceBusiness Continuity importance will become all to obvious when you have a disaster in your business, and it is too late to do anything!!
Business Continuity Importance becomes all the the more relevant, when you have had a disaster in the business and you have done nothing to prevent it ! A Business Continuity Plan, or Disaster Recovery Plan, is the most important item in your armoury. It is what you will turn to if there is indeed a disaster or other serious incident. Hopefully, you will never have to use it, but if you do, it can be the difference between the loss of your organization and its survival. It is therefore absolutely critical that it is workable - that it is of sufficient quality to guide you through the crisis. Shortcuts here are sheer folly.
Types of RisksTheft or vandalism - theft of computer equipment, for instance, could prove devastating. Similarly, vandalism of machinery or vehicles could be not only costly but also pose health and safety risks.Fire - few other situations have such potential to physically destroy a business. Power cut - loss of power could have serious consequences. What would you do if you couldn't use IT or telecoms systems or operate other key machinery or equipment? IT system failure - computer viruses, attacks by hackers or system failures could affect employees' ability to work effectively. Disasters affecting suppliers - how would you source alternative supplies? Illness of key staff - if any of your staff is central to the running of your business, consider how you would cope if they were incapacitated by illness. Natural disasters - for example, flooding caused by burst water pipes or heavy rain, or wind damage following storms. If your business is based in a remote area, there is a higher chance that natural disasters could occur. Restricted access to premises - how would your business function if you couldn't access your workplace - for example, due to a gas leak? Outbreak of disease or infection - depending on your type of business an outbreak of an infectious disease among your staff, in your premises or among livestock could present serious health and safety risks. Terrorist attack - though this is less likely for many small businesses, it may be worth considering the risk of terrorist incidents if you're based in the centre of a large city. So have you got the message yet, about 'Business Continuity Importance'? You need to develop effective back up and recovery strategies to mitigate the impact of disruptive events, but before you do you must assess each risk......
Business Continuity Assesment - you must assess each risk
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