Dong business is not easy as it seems to be. No disaster strikes after giving you an advanced notice. One day if you are leading in market then other day something will go wrong. At this point, a business continuity plan template will help you out.
For giving the boost to your business during the disaster you need tested plan for coming out of this situation. The lack of plan will not only responsible for a company’s recovery duration from incident but also it may result in a complete shutdown.
What is Business continuity?
Business continuity means maintaining business functions during the disruption caused by natural disaster, flood, or cyber attacks by the criminals. It consists of various procedures and instructions which you must follow when facing these incidents. It covers all the business processes human resources, assets, business partners and more.
Business continuity plan is different from disaster recovery plan. People have misconceptions that these plans are similar but it is not true. A Disaster recovery plan focuses on restoring IT operations and infrastructure after the crisis occur. In a nutshell, it is just a part of business continuity plan.
A business continuity plan also consists of the BIA known as Business Impact Analysis. It indentifies the impact of the disaster on your business infrastructure and functions after sudden disaster.
Business continuity plan template
Who need Business Continuity Plan?
All organizations require a Business Continuity plan. The size of the business doesn’t matter for a BCP.
Plan failure can be disastrous for an organization. It could affect your business to the level from where the recovery will not be possible.
What should be included in Business Continuity Plan?
Creating a BCP is an easy task if you know what should be included in it. A plan must be well prepared and the creator should concentrate on the flowing points.
Purpose and scope
First of all, you must focus on the purpose of creating this plan. The details must be provided briefly but exclusion should be explained.
The duties must be assigned to the people related to authority during or after the incident happen.
You must mention the details of when and how Plan will be invoked.
Business Continuity Plan Sample
Developing the BCP
The plan must be accessible to everyone working in origination and the information mentioned in plan must be understood by them.
The communication is a key to success so it should be listed on how and under which circumstances, the organization will establish contact with employees and their relatives, emergency contacts and interested parties.
Information related to stakeholders is essential and should be provided including contact details.
Document owner, approver and change history record
A business continuity manager is responsible for the actions involved in the plan including testing and reviewing the procedure. Also, he is the owner of BCP.
The documents are important so they must be published at a place from where the people directly involved in BCP can access and read them. Also, make sure these documents must be in all the formats like digital, hard copy etc.
Business continuity plan Word template
Benefits of Business Continuity Plan
As I told you earlier, BCP is very beneficial for a business. Here are some of the advantages of a business continuity plan.
Improved Perception of public about the company – A company displaying preparedness and proactive attitude will have a positive and favorable impression of organization. It will increase the trust among people which will convert them into loyal customers.
It will boost employee’s functionality and morale as well as their loyalty to the company. Employees always require stability in organization or the company in which they are working. A string BCP is the best way for management to ensure the employees about the stability of company. It will help them in motivating their employees to increase the productivity and be pride as a member of that organization.
Free Business continuity plan template
BCP helps in making the good relationship of the shareholders and business. It also improves the relation with other stakeholders. The trust of the shareholders encourages them to invest in the business or company. Hence partners will not stop collaborating or working with the business if they know that the business is ready and have plans for coping with the crises.
Efficiency of the organization is improved with the help of BCP. As the disruption in operations take place during crises so a BCP will help the company to respond appropriately and quickly keeping costs and loses to be minimum because it is already planned.
For Writing a business Continuity plan you must focus on the accuracy of the business entitles and the details of individuals involved in it. The information must be updated after certain period. If you do not know how to write the BCP then you must download or look for Business Continuity plan template. The information provided in this article and the templates are accurate. These templates will be useful for you in making a best plan for your organization or business.