How To Make a Business Continuity Plan
To Develop Your Plan, Follow The Below Steps
A storm can affect your company in multiple ways. Flood damage could leave your Cowesett, RI, headquarters temporarily unavailable. This, in turn, may disrupt your business. That is why you need a continuity plan.
This plan details how you will keep your company running after a disaster.
1. Make a Business Impact Analysis
As its name implies, a business impact analysis predicts how flooding or other disasters may affect your company. Start by handing out this survey to the managers in your company. It asks them to describe the financial and operational impacts of a potential business interruption. Possible impacts include regulatory fines, customer defections, and lost sales. You may also have to spend more money on overtime labor or cleanup and restoration services.
The survey additionally asks the managers to consider the duration and timing of the potential disaster. After all, this may determine the severity of the consequences.
Once the surveys are complete, review them carefully. Do not be afraid to conduct follow-up interviews to clarify the information in the questionnaires.
2. Determine Recovery Strategies
Once you have finalized the surveys, determine exactly what resources you need to implement your continuity plan. This may require utilizing third parties or converting alternative spaces into makeshift offices. You may also need to equip your employees with the tools they need to telecommute.
3. Develop the Plan
Next, work with a select group of employees to develop your plan. The plan should include relocation strategies and manual workarounds that allow your business to function while the computers are being fixed.
4. Test and Update
Finally, share the plan with your employees and have them test it out. Document the results of these tests and update your plan if necessary.
Storm damage does not have to destroy your business. If you develop a continuity plan in advance, you can keep your company running in the immediate aftermath of the flood.