Business Continuity Planning -- Whether It's Weather Related or Not
September 11, 2019 - Business continuity planning requires knowledge of all the risks you could encounter, especially -- at this time of year -- hurricanes. These articles can help you better prepare to be able to mitigate the risks and recover from weather-related and other disasters.
1. Six Risks You Need to Plan for in your BCP
Like insurance policies, everyone hopes they never need their BCP. But when an unexpected incident occurs, insurance premiums may cover a new building or replacement equipment, but a BCP will outline exactly what is needed to get everything back to normal as quickly as possible. We will discuss six key risks you'll need to plan for later in this paper.
2. What is New (and What Isn't) in Business Continuity Planning
When Warren Buffett released his annual letter in February he warned about the prospect of "The Big One" --- a major hurricane, earthquake, or cyberattack that he claimed would "dwarf hurricanes Katrina and Michael" and inflict severe losses. Of course, while Buffett called such a mega-catastrophe "inevitable", he also conceded that it could occur "tomorrow or in decades." Such is the uncertainty inherent in disaster preparedness.
3. How to create an effective business continuity plan
We rarely get advance notice that a disaster is ready to strike. Even with some lead time, though, multiple things can go wrong; every incident is unique and unfolds in unexpected ways. To give your organization the best shot at success during a disaster, you need to put a current, tested plan in the hands of all personnel responsible for carrying out any part of that plan. The lack of a plan doesn't just mean your organization will take longer than necessary to recover from an event or incident. You could go out of business for good.
4. Five Helpful Business Continuity Tips for Hurricane Season
There are few things that scare seasoned business continuity professionals. After all, it is your job to protect your business or the businesses you manage from a variety of threats. We're willing to bet that swelling storm surge, 100+ mph winds, and widespread power outages are some of those things. Hurricanes are, simply put, scary.
5. Adapting to Climate Change using your Business Continuity Management System
It is not possible to say that climate change alone is causing the increase in disruptive events. Other changes are putting more value at risk, such as increasingly lean and complex supply chains and development in vulnerable locations. However, it's clear is that both the frequency of severe weather events and the value at risk are increasing. This has implications for business continuity (BC) and broader business objectives.
6. Hurricane Preparedness Plan for Businesses
A hurricane preparedness plan begins with understanding how hurricanes are classified. All hurricanes fall into five categories, 1 to 5, where the intensity and damage caused is relatively lowest for Category 1 hurricanes, and highest for Category 5 hurricanes.
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