Business Continuity

Business continuity planning
(BCP)
Outline:
•Introduction & concept of Business Continuity Planning
(BCP)
•Need for BCP
•Components of BCP
•Roles and Responsibilities of BCP members
•Performance of BCP Review
Introduction
• Business continuity planning (BCP) – the process involved in creating a
system of prevention and recovery from potential threats to a company
• A document that outlines how a business will continue operating
during an unplanned disruption in service
• The plan ensures that personnel and assets are protected and are able
to function quickly in the event of a disaster
• The BCP is generally conceived in advance and involves input from key
stakeholders and personnel
• A comprehensive plan that contains contingencies for business
processes, assets, human resources and business partners – every
aspect of the business that might be affected
Concept:
• BCP involves defining any and all risks that can affect the
company's operations, making it an important part of the
organization's risk management strategy
• Risks may include natural disasters like fire, flood, or weather
related events, human errors, cyber attacks…
• The range of possible risks makes it vital for an organization to have
a business continuity plan to preserve its health and reputation
• Uses the business impact analysis (BIA) to evaluate risks to the
organization and to prioritize the systems in use for purposes of
recovery
Need for BCP:
• 80% of businesses without a recovery plan either closed or
never reopened within 18 months
• 70% of companies go out of business after a major data loss
• 80% of companies without a BCP fail within 2 years
• 60% of companies that lose their data shut down within 6
months of a disaster
• Source: Continuity Central,
http://continuitycentral.com/feature0660.html
Need for BCP (Continues):
• Threats and disruptions leads to loss of revenue and higher costs
which in turn leads to a drop in profitability
• Businesses can't rely on insurance alone because it doesn't cover
all the costs – BCP and insurance work together
• If the office space can’t be used because of disaster, key business
functions can continue running from remote locations
• Certain place may be kept ready to be used as temporary office
• Downtime (time to start operation immediately after the disaster
occurs) can be lessened
• Continue to provide for your customers
Components of BCP
Source:- https://www.agilityrecovery.com/article/fundamental-components-business-continuity-plan
Components of BCP (Continues…)
ROLES AND RESPONSIBILITIES of BCP members
• BCP roles and responsibilities of all corporate functions are attributed to
senior members
• The board of directors -
• to exercise strategic level visibility and oversight over business
continuity planning and progress
• to set the foundation for continuity planning success by promoting a
company culture that recognizes the value of well-managing risk.
• Audit or Risk Committee -
• To oversight the overall strategic level visibility as outlined
• Executive Management
• To retain ultimate oversight and responsibility for continuity planning
in their specific area of operations
Reference - https://bryghtpath.com/business-continuity-program-roles-responsibilities/
ROLES AND RESPONSIBILITIES of BCP members
• Business Continuity Steering Committee Members (committee—usually an
interdisciplinary team of six to eight people) -
• To meet quarterly or annually to ensure the business continuity program is
aligned to corporate strategy and objectives and is maturing and making
forward progress towards annual goals.
• Business Continuity Program Manager -
• To direct oversight and responsibility for business continuity program
operations, reporting, and day-to-day activities
• To manage and set the programmatic expectations that guide business unit
leaders and business continuity planners in writing their continuity plans.
• Business Continuity Team Members -
• To execute day-to-day BCP planning activities under the direction of the
business continuity program manager.
Reference - https://bryghtpath.com/business-continuity-program-roles-responsibilities/
Performance of BCP Review
• Objective of the performance review of BCP is to ensure that
constant improvement is there in the strategies implemented
• Reasons for performance review of a BCP-
• Identifying gaps/weaknesses in BCP
• Updating, validating and improving the BCP Strategy
• Evaluating the company’s response to various incidents.
• Improving systems and processes based on test findings
• Demonstrating to your clients a higher degree of commitment.
• Satisfying compliance and regulator’s requirements
• Helping reduce recovery time and cost
An Example:
• Take the case of a German telecom company that discovered a
dangerous fire was encroaching on one of its crucial facilities. The
building was a central switching center, which housed important
telecom wiring and equipment that were vital to provide service to
millions of customers.
• The company uses an incident management system from Simba, which
alerted staff to the fire, evaluated the impact of the incident,
automatically activated incident management response teams and sent
emergency alerts to Simba’s 1,600 Germany-based employees. The fire
did indeed reach the building, ultimately knocking out the entire
switching center. But with an effective incident management system in
place, combined with a redundant network design, the company was
able to fully restore service within six hours.
Thank
you

Business Continuity

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Business continuity planning

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