Business Continuity Planning - Definition & Meaning
What is Business Continuity Planning?
Business Continuity Planning ensures continual delivery of critical products and services to the clients following an incident or a disaster. It sets out how the business has to be restored to normal in quickest possible time and the necessary staffing plans required for carrying out the critical operations.
Business Continuity Planning essentially identifies the internal and external threats and synthesizes the company’s assets to provide effective recovery and prevention for the organization while sustaining the competitive advantage
Shift from Business Resumption Planning to Business Continuity Planning:
Business Resumption plans and Disaster recovery plans deal with resuming the business activities after the disruption. The critical operations are stopped during the disruption. Thus, the businesses have recognized the fact that some services need to be continuously delivered without interruption and hence have moved to Business Continuity Planning.
Example: A Business Continuity Plan template essentially includes the following:
- Business Impact Analysis
- Business Continuity Strategies and requirements
- Manual Workarounds
- Incident Management:
i) Define Procedures
ii) Training, Testing and Exercising
iii) Program Maintenance and Improvement
Hence, this concludes the definition of Business Continuity Planning along with its overview.
This article has been researched & authored by the Business Concepts Team. It has been reviewed & published by the MBA Skool Team. The content on MBA Skool has been created for educational & academic purpose only.
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