Question
A business continuity plan can improve a company's ability to recover from adverse events by ensuring that all areas of the business are considered and reviewed. This includes every division, department, role, and function. The plan is created after conducting a Business Impact Analysis (BIA) and any necessary gap analyses. The draft document is then presented to senior executives for approval. This comprehensive approach ensures that no area of the business is ignored, enhancing the company's resilience and recovery capabilities in the face of adverse events.
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Once BIA and any gap analyses are ready, create your business continuity plan. "Initially, the team should create a draft document, and then they can present it to the senior executives who have to sign off on it," Elsey says. When it comes to a business continuity plan, no area of your business should be ignored. According to Elsey: "Consideration and review should move through the entire company, including every division and into each department, role and function."
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