Getting the Most out of your Business Impact Analysis
"Are we just checking off boxes with regulators, or were there actual benefits in performing a business impact analysis (BIA)?" It's the type of...
Here in the midwest, summer storms can really take their toll on business operations. We were especially hit hard this last weekend and it got me thinking about business continuity planning. Business Continuity Planning (BCP for short) is exactly what it says: planning for the continuation of your business when something crazy happens. An extended power outage because of a thunderstorm is just the tip of the iceberg, BCP can come into play for any of the following:
And waiting for one of these events to occur to create a plan is a really bad idea. The best advice is to start today. Sit with your team and go through the following steps. Make sure to include all the major stakeholders; you want everyone on the same page when stuff hits the fan.
"Are we just checking off boxes with regulators, or were there actual benefits in performing a business impact analysis (BIA)?" It's the type of...
So what Benefit is there in a Business Impact Analysis?
Many states industries, and businesses are beginning to talk about reopening to mitigate some of the impacts of COVID-19. While many are feeling...