A business continuity plan can help in impact assessment by identifying potential risks and vulnerabilities in all areas of the business. It allows for a comprehensive review of every division, department, role, and function within the company. This thorough examination helps in understanding the potential impact of a disruption on the business operations and aids in creating strategies to mitigate these risks.
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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."