Post outbreak of the coronavirus, the buzz word in the industry is ‘do we have a BCP to handle global pandemic outbreaks?’
This is our simple guide for Business Continuity Management Services and how to create an effective business continuity plan.
So, What is a Business Continuity Plan (BCP)?
A Business continuity plan (BCP) is a plan of action aimed at ensuring that business will continue during and after a disaster.
It is our duty to forewarn –
x
>> A BCP is not a task based on a checklist, where we tick and proceed
>> Business Continuity Planning is a real-time, ongoing activity that warns and protects you from all the elements all
through the year.
Historical reference ‘on calamities’– Chanakya’s Arthashastra, 300 BC
According to Kautilya, a variety of calamities can afflict the population of a state as most people lived in the countryside
outside the fortified town.
According to Kautilya, a variety of calamities can afflict the population of a state as most people lived in the countryside
outside the fortified town.
The sufferings of the people could be due to acts of god or men.
Calamities due to acts of god are fire, floods, diseases and epidemics and famine. Other calamities could include
‘divine origins’ like rats, wild animals, snakes and evil spirits. Calamities by men are many – for e.g. destructions by
armies, internal fighting, etc.
‘divine origins’ like rats, wild animals, snakes and evil spirits. Calamities by men are many – for e.g. destructions by
armies, internal fighting, etc.
Chanakya opines that it is the duty of the King to protect his subjects from all forms of calamities.
Starting point: Understanding the Business and underlying risks
A Business Organization (delivering products and/or services) has several stakeholders – Owners / Promoters, Management,
Employees, Suppliers, Customers, Partners, Service Providers, Regulators, etc.
Employees, Suppliers, Customers, Partners, Service Providers, Regulators, etc.
A ‘well run’ organization enjoys the patronage of customers, its own employees and enjoys an excellent reputation
in the eyes of the general public.
in the eyes of the general public.
However, on the flip side, it is the stark reality that every organization is at a risk of facing potential disruptions or disasters.
(These are not to be confused with “common Operation impacting events’).
(These are not to be confused with “common Operation impacting events’).
So, it is imperative that the Leadership Team
- Has a thorough understanding of the Business
- Understands the vulnerabilities that exist in the system
- Have a realistic understanding of threats that can manifest (because of the existing vulnerabilities)
- Predict which risks can impact your business in a big way
- Prioritize the risks that have the highest probability of occurring, and those that would cause the biggest impact.
- Conceptualizes and deploys - preventative and impact minimization procedures (as appropriate) in place
In short - one of the biggest challenges for the ‘business’ is ensuring that the business keeps operating, even during adverse times.
Therefore, the Leadership Team has to recognize that “Risks to Business” can come in any form and are bound to happen,
whatever may be the ‘Line of Business’.
whatever may be the ‘Line of Business’.
So, apart from growing the organization and ensuring smooth operations, it’s the job of the Leadership Team to protect
their own organizations from danger and harm. Business Continuity Planning service will help the leadership team to ensure the impacts on all unexpected disasters occur.
their own organizations from danger and harm. Business Continuity Planning service will help the leadership team to ensure the impacts on all unexpected disasters occur.
About IARM
IARM focussing on Information / Cybersecurity services and solutions across all verticals. We are one of the few companies in India to focus
exclusively on End-End Information Security solutions and services.
exclusively on End-End Information Security solutions and services.
Read more about what service we offer and how we can provide service to your business to avoid any interruptions.
With regards,
Priya
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