80% of businesses affected by a major incident close within 18 months
90% of businesses that lose data from a disaster are forced to shut down within 2 years
What is the purpose of developing a business continuity plan?
Restore business to a minimum then a normal level of operations as soon as possible
To provide for direction and leadership
Prepare and respond in order to minimize the level of impact on employees and their families, customers, vendors, and providers
Taking the first steps towards developing a business continuity plan
Form the plan development team
Establish a leader and charge the team to develop the plan
Issue a mission statement defining the purpose of the plan and the authority and structure of the planning team
Set a project timeline and work within those planning deadlines
Conduct a hazard vulnerability survey to identify what hazards the business has been or could be affected by both natural and manmade
Hazard Vulnerability Survey Process
Identify the hazards
Form a risk assessment of those hazards
Analyze the impact of the hazards on the business
Components of the Business Continuity Plan
Strategic Plan: Defines the vision, mission, goals, and objectives of the program
Emergency operations/response plan: Assigns responsibilities to organizations and individuals for carrying out specific actions at projected times and places in an emergency or disaster
Mitigation Plan: Establishes short and long term actions to reduce or eliminate the effects of hazards
Recovery Plan: This component is developed using strategies based on short-term and long-term priorities, processes, vital resources, and acceptable time frames for restoration of services, facilities, programs, and infrastructure
Continuity Plan: Identify the critical and time sensitive applications, vital records, processes, and functions that shall be maintained, as well as the personnel and procedures necessary to do so, while the damaged entity is being recovered.
Business Continuity Planning Reference Material
The following are critical guides that will help the plan development team through the planning process: