Ok, so let’s look at selecting the right Business Continuity Strategies for your business.
Gather what you need
Put simply, for a good business continuity strategy, all your critical activities need to be considered and a continuity and recovery plan that suits be put in place.
To help here is some easy to remember business continuity jargon to keep in mind and work towards –
- Maximum tolerable period of disruption (MTPD)
- Maximum Tolerable Data Loss (MTDL).
- The Recovery Point Objective (RPO) provides a guiding light when you are discerning the options that work from the ones that do not.)
A strategy for your disaster response should also be considered…
Disaster scenario; Your business loses power and the estimated recovery time is Eight hours…
- Emergency Response and management:– Here you take the most direct action to get the business back and running such as ordering a temporary generator.
- Continuity Stage: –This is a large-scale response which might consist of moving operations to another site that has power after the generator has run out of power.
- Recovery and Resumption: –These are the actions involved in transferring back to the original Site.
Create a Business Continuity response template
The perfect foundation to aid your business continuity decisions. This will house your initial thoughts and later be tested and reviewed.
Selecting a Business Continuity strategy
Always consider People, Premises, Resources and Suppliers.
Assess your progress
These are tactical considerations, you may need more than one business continuity strategy to cover all of your critical activities.
Take note of general considerations
Costs VS benefit, Reliability, Customer needs, Reputation, emergency services, supplier needs etc.
Continuously review
Finally, make sure your selected strategies don’t conflict with one another and keep communication high across all sections of the business!