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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. .

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Presentation Transcript
how to stay in business

How to Stay in Business

When the Sky Falls In

© 2008 Cyberspace Virtual Services

slide2
Business Continuity Planning

is a REQUIREMENT

in today’s volatile environment

© 2008 Cyberspace Virtual Services

slide3
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

slide4
Small businesses, particularly a sole proprietor, are less able to survive a disaster.

© 2008 Cyberspace Virtual Services

slide5
With a Business Continuity Plan the loss of business income will be lessened.

© 2008 Cyberspace Virtual Services

business continuity plan
Business Continuity Plan

A formal and comprehensive Business Continuity Plan (BCP) is an essential part of Business Continuity Management (BCM).

© 2008 Cyberspace Virtual Services

business continuity institute
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

slide8

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

business continuity plan9
Business Continuity Plan
  • List the risks
  • List the corresponding impact on your business resources
  • Prioritise

© 2008 Cyberspace Virtual Services

risk summary
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

risk assessment prioritisation
Risk Assessment—Prioritisation
  • Probability, and
  • Impact

© 2008 Cyberspace Virtual Services

risk assessment prioritisation12
Risk Assessment—Prioritisation

Probability

© 2008 Cyberspace Virtual Services

risk assessment prioritisation13
Risk Assessment—Prioritisation

Impact

© 2008 Cyberspace Virtual Services

calculation
Calculation

© 2008 Cyberspace Virtual Services

risk mitigation
Risk Mitigation

Mitigation strategies focus on:

  • Recovery
    • Continuity
    • Delayed recovery
      • Hours
      • Days
      • Weeks
  • Cost effectiveness

© 2008 Cyberspace Virtual Services

business continuity plan16
Business Continuity Plan
  • Compile the plan
  • Test the plan
  • Revise the plan
  • Revisit the plan

© 2008 Cyberspace Virtual Services

business continuity plan17
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