Business Continuity Plan (BCP)
The aim of a Business Continuity Plan (BCP) is to anticipate events that seriously disturb the smooth running of your firm and to set up a strategy that will limit their impact. Recent feedback has highlighted the fact that companies that have implemented an approach designed to guarantee the continuity of their business are the ones that best stand up to unsettling events.
The basis of a BCP is the Vulnerability Analysis – a general process that aims to evaluate the risk and the target acceptance level set. It enables continuity requirements to be established, the minimum service level to be specified for each essential activity and the maximum acceptable downtime to be specified, including in degraded mode.
The second step is the mitigation plan which defines the preliminary actions to be implemented to remain below the established vulnerability threshold.
The third step is a survival plan which defines the resources and procedures to be implemented in crisis periods, to re-establish critical resources, until normal service is restored.
A Business Continuity Plan is generally the result of an analysis by a working party that harnesses the company’s various skills. We can intervene in every stage of the process by offering support in terms of:
- Leading the working party
- Identifying targets
- Determining safety expectations to meet the targets
- Analysing, identifying, assessing and mitigating risks
- Determining the strategy of the mitigation plan
- Quantifying the financial aspects
- Scheduling the various actions in tune with the company’s possibilities.