Business Continuity Planning (or Business Continuity & Resiliency Planning) is the process of creating systems of prevention and recovery to deal with potential threats to a business, company or organisation.
Watch out in the Summer of 2022 when a new fire safety and risk management limited company will be providing help and advice about preparing a Business Continuity Plan (BCP) managed and operated by AJM Fire Risk Assessment Services alongside my existing fire safety professional services.
A BCP is a plan to continue operations if a place of business is affected by different levels of disaster which can be localized short term disasters, two days long building wide problems, to a permanent loss of a building.
A BCP typically explains how the business would recover its operations or move operations to another location after damage by events like natural disasters, fire, theft, or flooding.
For example, if a fire destroys an office building or data centre, the staff and business or data centre operations would relocate to a recovery site.
Any event that could negatively impact operations is included in the BCP, such as supply chain interruption, loss of or damage to critical infrastructure.
When a business, company or organisation is disrupted particularly by fire, it can cost money. Lost incomes and revenues plus extra expenses leads to reduced takings and profits. Insurance policies do not cover all costs and cannot replace regular clients, customers or businesses that may defect to the nearest alternative competition. A BCP to continue business is essential. Development of a BCP includes four steps:
Conduct a Business Impact Analysis (BIA) to identify time-sensitive or critical business functions and processes and the resources that support them.
Identify, document, and implement to recover critical business functions and processes.
Organize a Business Continuity Team and compile a BCP to manage a business disruption.
Conduct appropriate and suitable training for the Business Continuity Team and undertake testing and exercises to evaluate recovery strategies and the BCP.
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