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Business
continuity planning is part of Acuratek's risk management service
offering.
Business continuity planning, as
referenced by the Business Continuity Institute (BCI) includes the
following elements; Emergency response, Crisis management and Business
recovery.
Emergency response deals with the
immediate response to an incident with the goal of protecting life
and property. Crisis management (CM) kicks in within hours or the
first few days following the event. CM entails the establishment
of a crisis command centre, and the energizing of the CM committee
to begin stabilizing and re-establishing critical business processes.
Business recovery
follows the crisis management phase and typically commences within
days of the event initiation. Recovery can stretch out over weeks
or months; recovery plans identify the critical processes, clients
and resources required in order to preserve core business activities
and objectives.
Business continuity
management is in itself a process to protect enterprise value.
Its objectives include business survival, the safeguarding
of people, stakeholders, property, business operations and
the environment. The primary goals are to minimize the impact
of any single event and to restore critical operations while
respecting all regulations in force.
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Facts;
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nearly 40% of all companies
are out of business within 5 years, following a disaster event
(Gartner Group)
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the main impacts of the
disaster are the loss of customers and stakeholder confidence,
the permanent diminishment of company reputation, and the inability
to absorb recovery costs and the loss of human capital.
Strategies;
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first and foremost, understand
the client's business environment and operations
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perform a business impact
analysis to prioritize business processes from a risk standpoint
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develop continuity strategies
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set up the component
plans and implement the business continuity plan
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initiate and imbed a
business continuity culture within the organization
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exercise, maintain and
audit the BCP
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