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BCP Battle Plan Fast-Start Templates & Guidelines
Every organization should have a Business Continuity Plan (BCP).
Modern business practice will ensure that this becomes more and more prevalent. It is expected to become a legislated practice within the near future and therefore, it is wise to implement as soon as possible. It is advisable to look at the above factors to decide whether the plan is the right thing to do at this moment.
Once the decision has been made to undertake the plan, then it is time to move to the next phase... developing a plan.
Some strong reasons why you should invest in a Business Continuity Plan:
- One in five companies will suffer a major disaster in the next five years
- 80% of companies affected by a major incident will close within 18 months
- A biological chemical or nuclear attack on the West by Al Qaida is inevitable. It’s just a case of when and where. (Eliza Manningham Buller - Director General of Security Service)
- Less than 40% of businesses with fewer than 50 employees have a plan in place
- In 2005, 38% of companies reported loss of IT; 29% loss of people and 24% loss of telecommunications
But at what cost... A BCP can be produced using a consultant or in-house personnel. By searching the internet and by expending huge amounts of time on research and costly training, most competent people could develop a BCP...but is this a realistic approach for the SME?...Probably not.
However, it is understood that the SME's do not have the budgets to support such ambitious measures and, if they were to reassign funds to such a plan, the rest of their business may well suffer as it is a disproportionate expense. The primary cause of headache to a small business is that of cash flow. With that compounding all expenditure issues, it is only natural to take stock before investing in certain services or products.
Therefore, ask the following question:
How much is the organization prepared to spend (this refers to time as well as financial cost)? This will determine what amount of effort will be put into the BCP.
One way of looking at continuity planning is to compare it to life assurance. The person who pays for the policy will not benefit, the payout will only come in the worst scenario and there is a constant ‘drain’ on finances. Alternatively, the policy holder knows that if things do go wrong, he or she has taken appropriate measures and the more they spend, the more the benefits will be felt.
It is important that a manager, namely the BCP Manager, of this task is appointed at this stage. He or she will be responsible for designing the plan and implementing the appropriate measures. They should either carry or be awarded sufficient authority to make impactful decisions, decisions that can affect the operations of the organization. There must be support from the board in order for this to be effective.Having a simple to use tool with guidelines and templates, plus a Battle Baton, will guide you through the process of writing and implementing a Business Continuity Plan, by following the clear instructions and guidelines, will result in giving you a living document that can be used in times of emergency...and offer you a cost effect solution.
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