BSS Business Continuity Plan (BCP)
In today’s environment of 24/7 operations, just-in-time inventory, outsourcing of business functions, and strategic business alliances, a BSS Business Continuity Plan (BCP) is more than just a Disaster Recovery Plan (DRP) for your organization.
While Disaster Recovery Plans (DRPs) are important, they fall short of providing your company with business continuity. Companies that have a requirement for no downtime need plans far broader than just a recovery plan. They require Business Continuity Plans (BCPs), which address key business processes, people, and infrastructure, along with ways to incorporate business resiliency into the entire organization — plans developed by experts in risk management such as those at BSS.
According to a report published by Strategic Research Corporation, a Santa Barbara, California, market research and consulting firm, the financial impact of a major business process outage can be enormous if an effective risk management plan is not in place: $6.5 million an hour for a brokerage operation, $2.5 million an hour for credit card sales authorization, or even $14,500 for a single automated teller machine.
Your business may or may not incur this same financial impact; however, the asset risk from just one of your key business processes being out of commission would likely be significant.
An experienced BSS Risk Management consultant can help you identify your critical business processes and requirements. We can help you assess not only the financial impact but also the impact on your people, your infrastructure, your asset risk, and your company’s reputation.
Let an experienced BSS Risk Management consultant help you become a resilient business.
