The BCP is generally conceived in advance and involves input from key stakeholders and personnel.
BCP involves defining any and all risks that can affect the company's operations, making it an important part of the organization's risk management strategy.
Risks may include natural disasters—fire, flood, or weather-related events—and cyber attacks.
Once the risks are identified, the plan should also include: BCPs are an important part of any business.
Businesses are prone to a host of disasters that vary in degree from minor to catastrophic.
Business continuity planning is typically meant to help a company continue operating in the event of major disasters such as fires.
It should be tested several times to ensure it can be applied to many different risk scenarios.
This will help identify any weaknesses in the plan which can then be identified and corrected.
It also uses information to make decisions about recovery priorities and strategies.
FEMA provides an operational and financial impacts worksheet to help run a business continuity analysis.