BUSINESS CONTINUITY

Business continuity planning is vital to good business management strategy. Yet most management teams do not give it the required attention or resources. Why? One of the most common beliefs held by many in business is that a disaster simply won’t happen to them.

Business continuity ensures your company can keep running even during disruptions. It involves planning for things like power outages or cyberattacks, so critical tasks like processing orders or providing customer service aren’t halted. By identifying key functions, assessing risks, and creating a recovery plan, you can minimize downtime, data loss, and financial blows. Regular testing and employee training keep things running smoothly when the unexpected hits.

Ensuring Business Continuity: A Critical Need for Survival

20% of all companies will suffer fire, flood or storm, power failures, terrorism or hardware or software disasters. According to Contingency Planning Research & Strategic Research Corporation: 43% of U.S. companies experiencing disasters never re-open and 29% close within 2 years. According to Aveco, 20 percent of companies will suffer fire, flood, power failures, terrorism or hardware or software disaster. Of those without a business continuity plan:

80 percent will fail in just over a year.
43 percent will not even reopen.
93 percent that experience a significant data loss are out of business within five years.
53% of claimants never recoup the losses incurred by the disaster.

Business Continuity Management and Disaster Recovery Solutions from Seven Step cover:

Current State Assessment.
Perform a Business Impact Analysis.
Business Continuity Risk Assessment.
Business Continuity Strategy and Plan Development.
Create an Incident Response Plan.
Plan Testing, Training and Maintenance.
Crisis Communication.

Business Continuity Management and Disaster Recovery Solutions from Seven Step cover:

Current State Assessment.
Perform a Business Impact Analysis.
Business Continuity Risk Assessment.
Business Continuity Strategy and Plan Development.
Create an Incident Response Plan.
Plan Testing, Training and Maintenance.
Crisis Communication.

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Check Out Our All-In-One Business Continuity Solutions: Boosting Your Resilience and Security Now!!

BCMS Current State Assessment

A BCMS (Business Continuity Management System) Current State Assessment is a process of evaluating an organization's existing business continuity practices, policies, and capabilities. This assessment involves reviewing documentation, conducting interviews, and analyzing processes to identify strengths, weaknesses, gaps, and areas for improvement in the organization's ability to manage and respond to disruptions. The goal is to assess the organization's current level of readiness and resilience and develop strategies to enhance its business continuity capabilities.

ISO 22301 Certifications

ISO 22301 certification involves implementing a business continuity management system (BCMS) based on international standards. This process includes assessing current practices, planning and implementing improvements, testing the system, conducting audits, and ultimately gaining certification. Assess the current state of the organization's business continuity management system against the requirements of ISO 22301 to identify gaps and areas for improvement. Benefits include improved resilience, risk management, stakeholder confidence, and regulatory compliance.

Business Impact Analysis

A business impact analysis (BIA) is a systematic process used by organizations to evaluate and prioritize the potential impacts of disruptions to their operations. It involves identifying critical business functions, determining the impact of disruptions on these functions, and assessing the financial and operational consequences of such disruptions. The goal of a BIA is to help organizations develop strategies for mitigating risks, improving resilience, and ensuring continuity of operations during adverse events such as natural disasters, cyberattacks, or other emergencies.

Business Continuity testing and Disaster Recovery Tests

Business continuity testing ensures that plans and procedures for maintaining critical operations during disruptions are effective. It includes tabletop exercises, simulations, and parallel testing to identify gaps and improve response capabilities.Disaster recovery tests focus on verifying the functionality of recovery procedures and systems for restoring IT infrastructure and data after a disruptive event. They include plan reviews, technical testing, and full-scale simulations to minimize downtime and validate readiness for recovery.

Strategy and Plan Development

Strategy and plan development is about defining clear goals, analyzing factors, developing aligned strategies, creating actionable plans, implementing, monitoring progress, and adjusting for continuous improvement. This process involves collaboration, clear communication, and flexibility to adapt to changing circumstances. It aims to optimize resources, enhance decision-making, and achieve sustainable growth and success for the organization. Effective strategy and plan development are key pillars of strategic management and organizational resilience.

Information Backup and Recovery Testing

Information backup and recovery testing ensures data safety by regularly testing backup systems for data integrity and quick recovery within set timeframes. Thorough documentation, training, and reporting are vital for maintaining data resilience and compliance. This testing is essential for minimizing data loss and ensuring business continuity in the event of hardware failures, cyberattacks, or other disruptions. It helps identify weaknesses in backup procedures and allows for adjustments to improve overall data protection strategies.