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The other is identifying the team responsible for implementation.Governance provides clarity in what can be a chaotic time for all involved. It defines what business continuity means for the organization.The ranked risks then need to be evaluated as to which risks will be addressed first. It needs to be regularly discussed to account for new threats that emerge as technologies, geopolitics, and competition evolves.
Events should be clearly described in policy documents, as should who or what can trigger that an incident has occurred.
These triggering actions should prompt the deployment of the business continuity plan as it is defined and bring the team into action.
Then testing those procedures to ensure that they work, and periodically reviewing the process to make sure that it is up to date.
Continuity management is about more than the reaction to a natural disaster or cyber attack.
It needs to articulate why business continuity is necessary and Governance is critical in this phase.
Knowing who is responsible for the creation and modification of business continuity plans is one component.While companies aim for 100 percent uptime, that rate is not always possible, even given redundant systems and storage capabilities.This phase is also the time when you need to calculate your recovery time objective, which is the maximum time it would take to restore applications to a functional state in the case of a sudden loss of service.It also involves defining potential risks including fire, flood or cyber attacks.Business leaders plan to identify and address potential crises before they happen.Threats can include bad actors, internal players, competitors, market conditions, political matters (both domestic and international), and natural occurrences.A key component of your plan is to create a risk assessment that identifies potential threats to the enterprise.It begins with the policies and procedures developed, tested, and used when an incident occurs.The policy defines the program’s scope, key parties, and management structure.Once mitigation plans are in place, those also should be assessed to ensure they are working correctly and cohesively.With business continuity, defining what constitutes an incident is essential.