What exactly is Business Continuity?

Diana Walker
October 11, 2019

Business disasters can occur at any moment, from cyber attacks to natural disasters, supply chain problems to black outs or infrastructure failure.

That's why having a Business Continuity Management Plan is so important, no matter whether you work in the private, public or charity sector. Having a plan in place will help your organisation deal with difficult situations, so you can maintain essential functions with as little downtime as possible.

How to put a Business Continuity Management Plan in place

The goal of any Business Continuity Management (BCM) Plan is to recognise potential threats to an organisation and analyse the potential impact they may have on day-to-day operations. It's all about preparing for events that may occur.

A BCM Plan also looks at ways and provides a process to help stop the threats from occurring in the first place.

You cannot reduce and know all possible threats. However, it's vital that you build a framework that allows critical functions of the business to continue even if the worst happens.

The Business Continuity Lifecycle

In general, best practice plans are built around the different stages of the BCM lifecycle. This overarching framework gives you a step-by-step approach that's firstly about identifying internal and external threats; then about crafting responses, creating risk implementation plans and measuring overall outcome goals.

Business continuity is also an evolving process.  The only constant in our society is change, which is why it's vital that your BCM Plan is continually evolving with the current zeitgeist and being constantly optimised to build business resilience. Take for example, the digital transformation era, online economies, smart mobile phones and the social media boom. The entire world is changing, and your business needs to adapt or fall victim to the threats of the new digital society.

If you are interested in learning more about business continuity software and building a BCM Plan, request a demo to see how ReadiNow can assist your efforts at www.ReadiNow.com.


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