Business Continuity Planning Process:
A
business continuity plan
is a set of procedures designed to ensure that an organization continues to operate during times of disaster. The purpose of a business continuity plan is to minimize the impact of disasters on operations. An effective business continuity plan should be developed by senior management and reviewed regularly. It includes detailed plans for each critical function within the company.
The steps involved in developing a business continuity plan are:
- Identify potential threats to the business.
- Determine the level of risk associated with each threat.
- Develop strategies to mitigate risks.
- Implement the mitigation strategy.
- Review the plan periodically.
