Business Continuity Plan (BCP)
Business Continuity Plan (BCP) Management
Businesses that do not have a Business Continuity Plan in place are more often affected by a disruption and have only a half the chance of survival as compared to businesses that have BCP in place. There have been cases where businesses without BCP have gone out of business within 12 months of launch. This itself, states an importance of BCP and its management for a successful business.
There are several factors that are considered before developing BCP. An ideal plan should include emergency arrangements for loss or unavailability of premises & the implications of temporarily relocating your business if need be; loss of employees, restructuring of the business with staff taking on an unfamiliar role within the organization; finding new suppliers or vendors; loss of specialist resources or technology; loss of communications or important data and the implications of not having back up for the lost data and where any alternative may be obtained; loss of critical equipment, etc.
Training in BCP management
The size, scale and nature of your organization will decide how comprehensive your plan needs to be. There are many self-assessment tools available to help businesses gauge how prepared the organization is for disruptions. BCP management training courses introduce to the participants these tools to enhance their ability to develop an effective business continuity plan. Business impact and risk assessment tools for example are used to identify the critical deliverables in the business, evaluating recovery priorities and assessing the risks, which could lead to business interruptions and/or damage to your organizations’ reputation.
Training programs also give insight on ongoing plan testing, audit & change management of BCP and its processes. They also help improving the risk profile through improvements in operational procedures and practices, implementing alternative business strategies, using risk financing measures etc.
Why undertake BCP management lessons from Dr Prem & Associates?
Dr Prem & Associates provide high end training sessions in BCP management that deal with several nuances of BCP from varied industry sectors. Dr Prem’s associates are leaders, managers, researchers, authors, trainers and experts from more than 50 countries, who together provide wide range of services, consultancy and guidance to the participants. By converting their years of experience and expertise in a course module suitable for today’s business management, these trainers provide highest level of quality in their presentations.
The objectives of the workshop include recognizing local risks that could disrupt your business; developing & conducting a risk assessment; developing a business continuity plan, including prioritizing critical functions or services, reviewing timescales for the reinstatement of functions or services, identifying key roles and accommodation requirements, reviewing internal & external dependencies, and identifying potential costs as well as impact of non-reinstatement.