BC 010102 Benefits of Developing a BCP

If a BCP does not already exist, it will be necessary to initiate the preparation of the first version of such a plan. In order to initiate a BCP Project for the first time, the Board and/or top management would normally receive a proposal from the management to undertake such a project. Projects as important as BCP development should be approved at Board level to ensure that the required level of commitment of resources and management attention is applied to the process.

The proposal should present the reasons for undertaking a BCP Project, and could include some or all of the following:

• Increased dependency by the business over recent years on computerised production and sales delivery mechanisms, thereby creating increased risk of loss of normal services
• Increased dependency by the business over recent years on computerised information systems
• Increased likelihood of inadequate IT and information security safeguards
• Increased recognition of the impact that a serious incident could have on the business
• Need to establish a formal process to be followed when a disaster occurs
• Need to develop effective back up and recovery strategies to mitigate the impact of disruptive events
• An intention to lower costs or losses arising from serious incidents
• Avoidance of business failure from disruptive incidents.

(To complete the relevant section of the Business Continuity Plan, click here)

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