subject: How Business Continuity Plan Can Be Helpful? [print this page] Business Continuity Plan
What is Business Continuity Plan?
Business Continuity Plan can be defined as a planning and preparations in advance which are essential to make out the impact of potential losses, to invent and implement feasible recovery strategies, to develop recovery plans which ensure continuity of organizational services in the event of an emergency or disaster. It is one of the crucial elements of businesses that are very vulnerable to external factors which might impact the business in significant way.
The main objective of the Business Continuity Plan is to extend and survive the business in the event of disaster that might impact the business in significant ways including local incidents like building fires, earthquakes, floods, hurricanes, or national incidents like pandemic illnesses. Business Continuity Plan serves organization to make a valuable recommendation and policies. These policies can recover and restore partially or completely interrupted critical business units within a stipulated time after a disaster or extended disruption.
How Business Continuity Plan can be Helpful?
The Business Continuity Plan is helpful for both big and small organizations. Any organization to greater extent is dependent on many critical business units within its organization for example IT Department, physical infrastructure. These units might hit worst in an event of disaster. So it becomes important to restore and rerun the business in fixed time frame. A Business Continuity Plan is more like an insurance against any type of such disasters and ensures that key business functions continue. It is also apparent that organizations that do not invest enough time and resources into Business Continuity Plan are more at risk and may have impact on revenue loss, loss of customers, permanent loss of shareholder value, etc.
We offer various exclusive Business Continuity Plan resources for organizations in search of practical guidelines for Business Continuity Planning (BCP). These templates will help hospitals, health plans and others to create their disaster recovery plan at low cost. Also these resources can be of enormous aid to the organizations looking ahead to comply with various regulatory authorities like HIPAA, SOX, FISMA etc.
by: compliance
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