Business Continuity Management

Creating business continuity is essential to ensure that your company can cope with any kind of disruption, from factors such as natural disasters to technological failures or economic crises

Here is a detailed list of activities to build a solid business continuity plan:

Analysis Phase

Risk Assessment

Identify risks that could affect business operations.

Business Impact Analysis (BIA)

Assess the financial and operational impact of a disruption.

Identifying Stakeholders

List all parties that have an interest in the company, from customers to suppliers and employees.

Planning

Defining Goals

Establish the specific goals of the business continuity plan.

Forming the Continuity Team

Assign clear roles and responsibilities.

Planning Resources

Ensure that you have the necessary resources to keep operations going.

Plan Development

Developing the Plan

Develop the written plan, which should include procedures, guidelines and checklists.

Mitigation Strategies

Implement preventive measures to reduce the impact of identified risks.

Communication Plans

Establish internal and external communication methods and channels during a crisis.

Operational Plans

Build the operational plan.

Monitoring and Maintenance

Applying the Plan

ll activities will be initiated in relation to the assignments and the development plan.

Internal Audits

Conduct regular audits/meetings to ensure the plan is up-to-date and reflects any changes in the business environment or risks.

Feedback Reaction Plan

Implement changes based on feedback from exercises or actual events.

Reinvestment Plan

Budget and resources to maintain and continually update the plan.

Business continuity is not a "set it and forget it" process; it is an ongoing process that needs regular reviews and updates.

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