Business Continuity


Business Continuity

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Overview:

Business continuity is the ability of an organisation to maintain essential functions during, as well as after, a disaster has occurred.


Flood! Cyber-attack! Supply chain failure or losing a key employee. Unforeseen disruptions to your business can happen at any moment. Business continuity is about having a plan to deal with difficult situations, so your organisation can continue to function with as little disruption as possible. Whether it’s a business, public sector organisation, or a charity, you need to know how you can keep going under any circumstances. 

Make a plan

A good Business Continuity plan recognises potential threats to a company, and analyses what impact they may have on day-to-day operations. It also provides a way to mitigate these threats, putting in place a framework which allows key functions of the business to continue even if the worst happens.

Hazard 360 Limited are able to design, prepare and write detailed business continuity (security) documents to specific client requirements, and a selection of the type of documents are listed below:

  • Identification of Critical Assets

  • Development and construction of a Business Impact Analysis Report

  • Development and construction of a Business Continuity Manual

Working with an organisation’s own staff, we can also assist in the preparation of business continuity and business resilience plans. 

Business continuity deals with keeping a company and business after a disaster has been experienced and takes a lot more into account than just technology. More and more companies are developing business continuity into their environment because of the raised awareness of tragic possibilities, but also because of new regulatory requirements that infer executive management obligations for fiscal responsibility. The following topics are covered:

  • Business continuity and disaster recovery planning: Management leadership, goals and requirements, business impact analysis, team building and implementation.
  • Backup alternatives: Hardware and software approaches, collocation, electronic vaulting, offsite facilities requirements and types.
  • Recovery and testing: Strategies for executing recovery, carrying out drills and types of plan testing.
  • Emergency response: Preserving assets and life, reducing fraud, theft and vandalism.

Business continuity and disaster recovery planning
It's critical that companies understand the degree of potential damage and revenue losses that different types of business interruptions can cause. These can be man-made, natural disasters, technology failures and more. Almost every type of business interruption causes some direct or indirect affect on the productivity of a company, thus its revenue stream. It's prudent to identify the large and small issues that can negatively affect a company and identify backup alternatives before experiencing them.

The most critical part of business continuity planning is management support. Management must be convinced of the necessity for such a plan. Therefore, a business case must be made to obtain this support. The business case can include current vulnerabilities, regulatory and legal obligations, current status of recovery plans and recommendations. Management will be mostly concerned with cost/benefit issues, so preliminary numbers will need to be gathered and potential losses estimated. The decision of how a company should plan to recover is purely a business decision and should be treated as such.

Emergency response

Finally, emergency response drills are necessary not only to minimize asset damage and preserve life, but to reduce the chance of fraud, theft and vandalism since the security mechanisms usually in place may be completely disabled. Companies need put processes in place to accomplish the following items:

  • Actions taken immediately to avoid injury and loss of life
  • Alert authorities and notify management
  • Contain damages if possible
  • Rescue critical data and equipment