CBCP certification is provided to those individuals who are experts in activities related to business continuity and disaster recovery planning.
Business Impact Analysis
Assessment of the Effects of Disruptions and Losses
It is important for the business to prepare a contingency plan, the business must immediately respond and must take action to the disaster even if the contingency plan is not ready or updated. Effects are always negative but it can vary in situation depending on the effects.
Assessment of Impact of Disruptions on Business Operations
If the company fails to do so, the company might face heavy losses both financially and in terms of reduction in integrity of the business. This is a major loss but besides this monetary losses occur too.
BIA Methods
According to me, data collection can be done by the companies BIAQs and interviews. Thsi would greatly help the companies in determining the risks associated with the business.
BIA Report
I believe it is not just essential to conduct interviews because after it, recommendations should also be provided to bring improvements. Individuals certified with CBCP well understand the situation and give the best recommendations.
Criticality of Business Functions and Prioritization
Businesses have many functions all of which are very important for it to work well. Criticality and prioritization depends on the nature of the business and its requirements. For instance, according to me, functions critical to a service business must be marketing and legal issues (Kinicki & Kreitner, 2009).
Identification and Prioritization Of Business Processes
The business functions include legal, financial, merchandise, marketing, sales, administration and other support services. However, I believe there are some functions with are extremely essential and should be a priority for business. These functions include sales and legal functions.
Critical Records
Businesses must have vital records management to ensure that all the important records are on place. This is more important for the legal functionality of a business. Moreover, they greatly help in disaster recovery.
Developing Business Continuity Management Strategies
ID Enterprise wide & Business Unit Continuity Strategy requirements
In order to serve the real time application requests, the RTOs (real-time operating systems) are required. There are many crises that do not happen suddenly, and this is because there are certain pointers that serve as symptoms. However, the dispute is not just to identify the crisis but to identify it in a timely manner. There are four distinct phases that include the following.
1.Portrayal critical position stage
2.Acute critical position stage
3.Chronic critical position stage
4.Urgent position tenacity stage
After identification, the strategies mentioned below can be implemented.
Emergency Management
Strategic forecasting
Appointing Strategic Groups for Scenario Analysis
Internal and External Alternatives
Business Ethics
Besides this, it is also essential for the business to remain ethical and ethics should be practiced when conducting business operations. The example of Tylenol by Johnson and Johnson is considered as one of the best examples. When tampering was done, there were some deaths that took place because of the consumption of medicine which was sold. However, this crisis was responded by the management immediately, and the management ...