Organizations have always been exposed to multiple risk factors, both internal and external. Today, COVID-19 pandemic lays the path for even a more significant crisis management plan in any organization’s infrastructure for business continuity. Managing crisis can be sensitive as well as complex and can have a lasting impact on the operations of the organization safeguarding its resources and assets. From fire to earthquake, cyclones, power outages, political events or even virus outbreaks, a business continuity plan needs to be developed and enforced in an organization to ensure continuation of its business operations under a disrupting scenario i.e. with necessary security and control mechanism, users remain productive.
Business continuity management is generally defined as a planning process for developing prior arrangements in the form of policies and/or procedures enabling an organization to respond appropriately to a disaster such that critical business functions can continue or quickly resume once a crisis takes shape. Basically, BCM begins with the policies and procedures developed, tested and used when an incident occurs, while roles and responsibilities are appropriately assigned during this phase.
Risk assessment identifies a broad array of risks that could adversely impact the organization. A thorough evaluation needs to be performed to identify potential threats to the organization,..Read More
An effective BCP is prepared on the basis of the impact of a disaster on an organization. Every organization will have varying strategies toward disaster recovery plans based on its demographics,..Read More