Lots of
risks and threats are involved in disrupting your business and management of
business thinks whether business should be wind up or continue. To make this
decision, lots of things are evaluated with critical eye to make best decision
of revival. Different types of risks and threats can occur to down the business
including fire, earthquake, floods and tornados. Other forms of threats can be
physical like cyber, technological failures, theft, and employee sabotage and
labor strife. To continue the business after or even with existence of all
these threats is a very challenging task and management needs to be very
careful. For this purpose, business continuity plans are followed and best
business continuity plan template can better help you to design best plan for
continuity management.
Basically
business continuity management or planning is process which identifies
organization’s exposure to deal with internal and external threats for the
survival of business in current marketplace of business environment. In simple
words business continuity plan identifies how to stay in the business
environment after disaster. Business continuity plan involves in:
·
Disaster recovery
·
Business recovery
·
Contingency planning
·
Business resumptions
Things
that need to do for accomplishing tasks mentioned above are;
·
Business impact analysis
·
Emergency management and response
·
Crisis communication/management
·
Training and exercising
·
Risk control
·
Project management
·
Safety and security
·
Software management
Therefore business continuity management is comprehensive process that
helps the business rivival and reestablishment after passing through the
business crisis. Business continuity plan much be maintained and updated
according to required changes in business face.Reference Template:
Business Continuity Plan Template
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