A Business Continuity Plan (BCP) is a vital part of mitigating business risks – a structured plan that an enterprise puts in place to ensure that your business can continue running with minimal disruption during an unexpected scenario.
A viable solution to supporting employees is incorporating the use of flexible workspaces, such as our spaces, in your BCP.
Here are the seven important steps in setting up the right BCP for your business.
Step 1: Identify failure scenarios and business continuity measures
A business continuity plan is not just a disaster recovery plan. It covers the business areas that are crucial for the continuity of processes like:
- Human Resources
- Technical & IT System
- Vendors & Partners
Step 2: Set up a business continuity management team
A BCP is highly complex and must include and involve all business area and departments.
Step 3: Do a business impact analysis
Analyse the impact of all potential risks & disruptions to business processes.
Step 4: Define strategy from end to end
Develop corresponding strategies to account for each possible scenario. Each strategy should be assigned a priority and plan of action.
Step 5: Craft and implement the solutions
Document the BCP with company-wide communications, dissemination and training of employees.
Step 6: Test periodically
Test the viability of the plan under different scenarios – this test phase is crucial to finalizing the BCP.
Step 7: Keeping the BCP alive
During the life cycle of the BCP, new risk factors may come up. It is important to continuously maintaing and update the plan where necessary.
Visit our BCP Solutions page for more information.