1 / 17

How to Stay in Business

How to Stay in Business. When the Sky Falls In. Business Continuity Planning is a REQUIREMENT in today’s volatile environment. From an earthquake to a stolen laptop every business is at risk, and the need to manage it has nothing to do with your size. .

ezra
Download Presentation

How to Stay in Business

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. How to Stay in Business When the Sky Falls In © 2008 Cyberspace Virtual Services

  2. Business Continuity Planning is a REQUIREMENT in today’s volatile environment © 2008 Cyberspace Virtual Services

  3. From an earthquake to a stolen laptop every business is at risk, and the need to manage it has nothing to do with your size. © 2008 Cyberspace Virtual Services

  4. Small businesses, particularly a sole proprietor, are less able to survive a disaster. © 2008 Cyberspace Virtual Services

  5. With a Business Continuity Plan the loss of business income will be lessened. © 2008 Cyberspace Virtual Services

  6. Business Continuity Plan A formal and comprehensive Business Continuity Plan (BCP) is an essential part of Business Continuity Management (BCM). © 2008 Cyberspace Virtual Services

  7. Business Continuity Institute To quote the Business Continuity Institute, the professional body for Business Continuity Management: “Business Continuity Management is the act of anticipating incidents which will affect critical functions and processes for the organisation and ensuring that it responds to any incident in a planned and rehearsed manner”. © 2008 Cyberspace Virtual Services

  8. Create your own Business Continuity Plan • Prevention: what can be done to prevent the crisis from occurring in the first place; • Detection: what can be done to ensure timely detection of the crisis, and • Correction: what can be done to respond to, and recover from the crisis. © 2008 Cyberspace Virtual Services

  9. Business Continuity Plan • List the risks • List the corresponding impact on your business resources • Prioritise © 2008 Cyberspace Virtual Services

  10. Risk Summary For a typical small business the risks can be summarised under the headings: • Input risks • Your unavailability • Output risks (the reverse of input risks) • Other risks © 2008 Cyberspace Virtual Services

  11. Risk Assessment—Prioritisation • Probability, and • Impact © 2008 Cyberspace Virtual Services

  12. Risk Assessment—Prioritisation Probability © 2008 Cyberspace Virtual Services

  13. Risk Assessment—Prioritisation Impact © 2008 Cyberspace Virtual Services

  14. Calculation © 2008 Cyberspace Virtual Services

  15. Risk Mitigation Mitigation strategies focus on: • Recovery • Continuity • Delayed recovery • Hours • Days • Weeks • Cost effectiveness © 2008 Cyberspace Virtual Services

  16. Business Continuity Plan • Compile the plan • Test the plan • Revise the plan • Revisit the plan © 2008 Cyberspace Virtual Services

  17. Business Continuity Plan If there is time, I am available to answer any of your questions. In any event you can contact me by email at: info@virtualservices.com.au with “Business Continuity Plan” in the subject line. © 2008 Cyberspace Virtual Services

More Related