Why have a business continuity plan?
A business or operations continuity plan enables a company to effectively manage a disruptive event that threatens the delivery of its essential activities, or to get its day-to-day operations back on track as quickly as possible. Here are the benefits of having a business continuity plan:
- Limit material and financial losses
- Protect the company's assets
- Répondre aux attentes des clients qui exigent un plan de continuité des activités.
- Ensuring the continuation of essential activities to preserve revenues and the company's reputation
- Embody the image of a responsible company
- Maintain operations even in the event of an incident, which can be a competitive advantage
- Meet customer expectations for business continuity planning
- Comply with industry-specific requirements, such as AS9100 and IATF 16949, the SQF Code, and the rules of the Autorité des marchés financiers (AMF) or the Investment Industry Regulatory Organization of Canada (IIROC)
In short, a business continuity plan enables a company to prepare for, respond to and recover from an emergency more effectively, while preserving its operations and reputation.
What is a business continuity plan?
A business continuity plan is the set of policies and procedures that enable a company to prepare for and deal with major disruptive events that threaten the integrity of the organisation’s mission. It aims to ensure the continuity of the company’s essential activities by minimising the risks to staff, customers, suppliers and business operations. The business continuity plan includes recovery strategies, contact lists of key people, decision-making guidelines, etc.
Business continuity management is a cycle that includes four constantly renewed stages, with the business continuity plan being the central element: