Incidents whether natural, accidental or deliberate, can cause significant disruption to businesses and other organisations.
Organisations may wish to put in place arrangements to mitigate the impact of this disruption. These arrangements can help them return to normal levels of business more rapidly, limit the volume of business lost to competitors, and reduce the chances of customers losing confidence in them. Not only is such planning widely regarded as good business sense, it could even be critical to an organisation’s survival.
Business Continuity Management
The process of developing plans to cope with disruptive incidents is known as Business Continuity Management (BCM). It involves identifying critical business activities and resources and planning how to maintain them in the event of a disruptive incident.
To implement BCM, organisations need to ask themselves the following questions:
What are your key products and services?
What are the critical activities and resources required to deliver these (e.g. personnel, technology, premises, information or supplies)?
What are the risks to these activities and resources?
How will your organisation maintain these critical activities in the event of an incident?
In partnership with key stakeholders, the Cabinet Office has developed a BCM Toolkit to help commercial, public sector and voluntary organisations develop appropriate business continuity plans. These should be exercised regularly to ensure they are workable and that adequate measures are in place to provide information to staff and key stakeholders in the event of an emergency.
Quick and easy preparation:
Make sure you have suitable insurance; the Association of British Insurers provide helpful information.
Think through potential disruptions to your company.
Put together a ‘Battle Box’ containing important documents and items to keep your business running if you had to relocate with little or no notice
Consider your preparation for cyber threats.