The BCP senior management committee is responsible for the oversight, initiation, planning, approval, testing and audit of the BCP.
It also implements the BCP, coordinates activities, approves the BIA survey, oversees the creation of continuity plans and reviews the results of quality assurance activities.
Loss of image or reputation is especially important for public institutions as they are often perceived as having higher standards.
Since few organizations can afford to pay the full costs of a recovery; having insurance ensures that recovery is fully or partially financed.
The impact of a disruption to a critical service or business product determines how long the organization could function without the service or product, and how long clients would accept its unavailability.
It will be necessary to determine the time period that a service or product could be unavailable before severe impact is felt.Although they differ in goals and functions, BCP can be applied by all organizations.A Business Resumption Plan describes how to resume business after a disruption.If so, how much revenue, and for what length of time?If clients cannot access certain services or products would they then to go to another provider, resulting in further loss of revenue?Recognizing that some services or products must be continuously delivered without interruption, there has been a shift from Business Resumption Planning to Business Continuity Planning.A business continuity plan enables critical services or products to be continually delivered to clients.Additional benefits include improvement in overall organizational efficiency and identifying the relationship of assets and human and financial resources to critical services and deliverables.Every organization is at risk from potential disasters that include: A BCP contains a governance structure often in the form of a committee that will ensure senior management commitments and define senior management roles and responsibilities.Business Continuity Planning is a proactive planning process that ensures critical services or products are delivered during a disruption.A Business Continuity Plan includes: Having a BCP enhances an organization's image with employees, shareholders and customers by demonstrating a proactive attitude.