Creating an effective business continuity (BC) plan can be a challenge, especially at a large or fast-growing organization. But here’s the harsh truth: The long and often difficult road of establishing a plan and getting it approved is just half the battle.
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.
You are told that the plan has not been updated. As discussed above, your business continuity plan should be updated whenever the organization introduces a change to operations that introduces new categories of risks. Stakeholders should meet on a regular basis to discuss changes to the business that can affect the plan.
Share it with key personnel: Everyone who has responsibilities in the business continuity plan should be aware of them and have a clear understanding of the roles they will play in executing the plan. It many cases, it will also make sense to keep other personnel on a broader level updated so they can jump in and assist if necessary.
Business Continuity Plan Business Continuity Plan. ShoreBridge Capital Advisors LLC (“SBCA”) has developed a Business Continuity Plan (“BCP”) on how our firm will respond to events that significantly disrupt our business. ... At a minimum, SBCA’s BCP is reviewed and updated on an annual basis.
Pershing provides certain information about its business continuity plan separately. The Firm has developed a flexible business continuity plan to accommodate different types of …
What is Business Continuity Plan Maintenance? Scott Baldwin, CBCP, MBCI explains how to use the maintenance of your Business Continuity Plan to create a consistent and living continuity of risk awareness within a program.. Are your Business Continuity Plans living documents that are updated …