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Business Continuity Planning Benefit: Statistically, 20 % of the businesses that close after a disaster or experiencing a major event never reopen. 40% of all businesses close after 36 months if a disruption resulted in closing their business for 3 days or more. Description: Business Continuity Planning (BCP) is a planning process that mitigates and prepares the organization for a disruption. The BCP is a logistical plan for how an organization will first recover and then restore partially or completely interrupted its mission essential function(s) within a predetermined time after an incident or extended disruption. BCP is a process in which an organization prepares for future events and incidents that could jeopardize the organization's core mission by affecting its critical functions and its long-term health. Incidents include local issues like building fires, regional incidents like earthquakes, or national incidents like pandemic illnesses. The plan process identifies and documents the specific actions to be taken at the time of disaster. Each plan is based on the affected business function, and identifies team membership and the high level recovery approach, as well as detailed procedures necessary for recovery activities. The plan includes the following information requirements needed for effective recovery of the critical information technology infrastructure and business functions:
The Business Continuity Plan can make the difference between costing the corporation millions of dollars compared to thousands to recover functionality. Past Performance:
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