BUSINESS CONTINUITY PLAN
When business is disrupted, it can cost money. Lost revenues plus extra expenses mean reduced profits. Insurance does not cover all costs and cannot replace the customers that defect to the competition. A business continuity plan to continue business is essential. Development of a business continuity plan includes four steps: The FiRiskLab BCP Software conducts a business impact analysis to identify time-sensitive or critical business functions and processes and the resources that support them. Identify, document, and implement to recover critical business functions and processes. Organize a business continuity team and compile a business continuity plan to manage a business disruption. The FiRiskLab BCP Software conducts training for the business continuity team and testing and exercises to evaluate recovery strategies and the plan.