A business continuity plan should be a set of instructions of what to do, and what not to do, at the time of a crisis. A business continuity plan provides details of policies and procedures for recovery, including e.g., roles and responsibilities; key interdependencies (internal/external suppliers); activation triggers; identification of critical functions.
Successful business continuity management depends upon commitment and involvement from senior management to shop floor, across all departments. Identifying the most appropriate staff to be involved in the development of a business continuity plan will save time and money. Initially a small group of key staff representing key functions may be a useful starting point. E.g., Operational management, finance, IT, etc.
The cost will be relatively little and at the end of the exercise you will have a plan to protect your business. The benefits of having a working continuity plan will out-weigh any small expenditure.
Experience shows that businesses are far more likely to survive a disaster if they have thought about it in advance, and planned accordingly.
Banks, investors, insurers, customers and suppliers will take a company that has a business continuity plan much more seriously.
Business continuity plans build employee confidence. Employees will appreciate the fact that the business is doing all it can to protect their safety and place of work.
In the end, business continuity is about responsible management. It makes a business a safer place to work and contributes to financial stability.
Yes, even a sole trader is advised to have systems in place to be able to continue his/ her work in case of fraud, theft, sabotage, flooding, fire, IT and utility failures and terrorist attacks.
It is very important to focus on keeping back-ups and copies of documents off-site, as well as having a plan that focuses on your mission critical activities and caters for an alternative site to work from
Business Impact Analysis(BIA) is a management tool to assess types of business interruptions, e.g., fire, power outage, etc and the associated consequences over time. E.g., IT failure of several hours may not be critical, but a prolonged IT failure, such as a week, may have significant consequences.
A short answer is Yes. Elate IT believes in customer satisfaction and long term relationships, Elate IT provides Business continuity solutions such as IT contingency with backup sites, Backup storage solutions from Collocation to locker storage areas. We make sure that when you come to Elate IT we take care of your worries.
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