Business Continuity Planning – The Formula For Success

Plan on developing a business continuity plan? Do you know the formula for success? Business Continuity is the ability of an organization to ensure continuity of service and support of its stakeholders. Business Continuity is being drives by a number of factors – regulatory requirements, contractual agreements, guarunteed insurability, and sometimes just plain old good business sense. Whether an organization is contemplating business continuity planning for the first time or looking for ways to impreive their existing plan, finding the right formula for success is a must. In an effort to get your arms around the process, you must possess knowledge of your specific risk, and the impact to the business in the event of a major disruption in order to properly prepare a cost effective and viable business continuity plan.

THE FORMULA:

1. Determine what your specific risks to the organization are.
2. Know what the specific impact to the organization will be.
3. Identify who needs to be involved, what needs to be done, why it needs to be done, where it needs to be done, when it needs to be done, and how it will be done.
4. Write the plan.
5. Maintain, test and exercise your plan.