Business continuity is related to maintaining the business operation. It is necessary for recapitulate the data and other crucial resources at the time of interruption like fire, flood or malicious attack, etc. A business continuity plan outlines methods and directions an enterprise must follow in the of disasters. It also covers companies processes, funds, human resources, partners and many more. If you own a small business or a large enterprise, it is necessary to have a business continuity strategy for remaining competitive.
There are six general steps in developing a strategy for the business continuity
- Identify the scope of the plan.
- Identify key business areas.
- Identify critical functions.
- Identify dependencies between various business areas and functions.
- Determine acceptable downtime for each critical function.
- Create a plan to maintain operations.
The goal of this business continuity strategy is to meet the business recovery requirements identified in the business impact analysis stage. The business continuity strategy comprises a collection of recovery options to be utilized as choices if existing critical resources become unavailable. The business recovery needs can be grouped into four recovery areas:
- Work areas
- IT systems and infrastructure
- Manufacturing and production
- Data and critical/vital records.
With the help of this post, you will come to know about the things that are required for a successful business plan. These are as under:
- Analysis of potential threats:
The response of a company to the disaster will depend on the nature and the magnitude of the disaster. The threats, like the flood, may physically destroy the infrastructure of your IT. Whereas, a cyber attack might adversely affect your network but doesn’t affect the performance of the hardware devices. A power interruption could render your gadgets unusable, but do no lasting damage. Thus, keeping in mind various thing your should cover possibilities for as many threat types as possible.
- Areas of responsibility
A fundamental component in any crisis management situation what you have during and after the disaster. It is not the time to have business heads squabbling about who has the right of decision-making. Also, some types of crashes may result in loss of personnel, so ensure to assign replacements.Training of important personnel in emergency preparedness, incident management, and recovery should also be addressed.
- Emergency contact information
It is necessary to have an up to date contact list and information of people that can help you in such disaster. Information should consist of both internal personnel as well as the external personnel and services such as police, fire, ambulance, security services, etc.
- Recovery teams
To put things back on the track after crises teamwork is required. The business continuity strategy should appoint a specialist team of disaster recovery. These specialists will work at the time of emergency and should have access to tools that are needed at an emergency. A disaster recovery team will be is responsible for regaining normal operations after the crisis is over.
- Keep an Off-site backup of important data
A proper business continuity strategy will address the recovery of your company’s valuable digital data if it is destroyed. Many industries follow this idea and stores the back up in server rooms. But in a situation like a flood, fire or blast this data is also gone. Therefore, you should save the copy of data on a removable source and keep that source safely at some other location.
- Backup power arrangements
Some disasters can lead to the loss of electrical power. For a good continuity business, a firm should plan what to do in this situation. If you have generators as back, make sure that the key personnel know how to switch the power of generator and see the fuel level and needs for working purpose. However, providing power to whole building through generators can be costly. Thus, in a business continuity plan, it should be discussed in what conditions it’s better to end the operations and send the employees home rather than supplying power via generator power.
Alternative communications strategy
Internet connections and phones are important for any organization to keep them in touch with their clients, employees, etc. Therefore, it is necessary to have an alternate email server that will keep you connected to the required people.
An alternative site of operations
The business continuity planning should also include the setting of operations at an alternative location. The reason for this is that if the building gets destroyed your operations would be safe. The best method is to have ready access to an empty facility that you can move into; more practical operations to a branch office if you have the option of more than one physical site.A good BCS should take into the account and estimated the costs of moving, setup, and ongoing operations in the new place.
- Essential equipment/services backup
It is possible that the essential equipment may not be able to replaced easily. It is possible that the gadget is destroyed or damaged and needs repairing or replacement. The business continuity strategy should lay out how these equipment or its performances will be replaced.
The points mentioned above are including in the best business strategy which helps in the successful functioning of your business operations. If you still have any doubt or want to take support for your business, you can contact us freely. We will be happy to help you.