A Business Continuity Plan is your company’s blueprint for what happens if a disaster should strike. This plan needs to cover anything from a server outage to a natural disaster. While all companies will have variations in their plans, they should all include different strategies for unique disasters, along with a list of assets and contacts. Having a Business Continuity Plan is vital to your company’s ability to quickly recover from a disaster. Here are the biggest benefits:
Saving time is critical when in the midst of a disaster or security breach. Having the ability to work off of a previously established plan will help your employees get systems back online that much quicker.
If you have to make decisions on the fly during a power outage, you may find that they are not as rational as they would be when all is calm. Having a Business Continuity Plan to follow will reduce the amount of judgment calls you have to make in the middle of a stressful situation.
A Business Continuity Plan can actually save you money. A major disaster or security breach can harm your reputation long term. The last thing any company wants is to compromise their secure customer data. It can also harm your company if your clients can’t access their accounts. If you have a plan in place, however, you can get back online quickly and lessen the likelihood of long-term impact to your business image.
Reduce Vulnerabilities & Audit Assets
Establishing a plan has additional benefits. It is always a good idea to identify gaps in your security that you may not have identified in normal circumstances. Creating a Business Continuity Plan also gives you the opportunity to audit your IT assets.