BUSINESS CONTINUITY PLAN

Business continuity plan

[Name of the institute]

Business continuity plan

Business continuity plan

The purpose of a business continuity plan is a document that entails the course of action a company or business enterprise is going to take so as to manage the crisis situations or emergency incidences. In concrete terms of description, a business continuity plan is an in-depth analysis of potential threats pertaining to the business firm, as well as, look into the risks faced by the company. It is the most important facet for any company to assess the risks in detail and look into their consequences of these risks to the company.

Every market has internal, as well as, external risks that threaten the survival of business organizations, as well as, obstruct the growth and success of the company. Therefore, a business has to survive the invincible dynamics of the corporate world, for that matter, business continuity plan has to be designed, as well as, implemented in the context of combating with problems.

The context of business continuity plan is very strategic. It does not merely deal with handling everyday mechanics of the operations of the business, but rather, assuring that companies do not leave the strategic track that they decided upon. It aids the companies to pursue just as they planned, and provides them with a back up of operational and internal management through such chaotic times. It is a very effective and essential tool for managing the responsibilities, as well as, problems arising from such situations. Competitive success, as well as, sustainability of the business is highly reliable upon the strategic plans, as well as, the execution of those plans. The business continuity plan assures that business is managed through planned strategic course despite of the strategic obstructions.

The paper discusses the business continuity plan for the purpose for the WM trading co. The paper analyses operational context for the business, as well as, the development of a prompt course of action through analysis of consequences of prospective situations and associated troubles. The paper firstly looks at the context of the business, in terms of, operations; whereas, the purpose of the paper is to develop such a plan that could be helpful in dealing with problematic situations that are caused due to operational, as well as, external dynamics of the business. The paper entails the methods and tactics that lead the company to a better management, as well as, ensure competitive success. It assures that the damage happens is minimum, whereas, the company is capable of combating with such losses.

Business continuity planning cycle

Business continuity plan is a cyclic process, an organization needs to review its continuity plan whenever an organization brings changes to the organization or changes it business primaries. Business continuity plan is inseparable from business continuity plan. Even when an organization ensure its continuity via a business continuity plan mostly with backup resources, Even when an organization can ensure business continuity, typically with tailback resources, the business though at some point need to recover ...