The following Practice Compliance guidance note Produced in partnership with David Gilmore of DG Legal provides comprehensive and up to date legal information covering:
This Practice Note provides guidance on planning, drafting and implementing a business continuity plan (BCP).
The BCP is an important part of the overall risk management framework for any organisation. It helps ensure the business is able to survive a critical event and the organisation is able to meet its obligations to clients or customers, regulators and other stakeholders.
The BCP identifies the potential risks and/or interruptions to the business and documents the organisation’s systems or procedures to:
minimise the threat of damage to the business
respond to a business interruption, and
recover from a business interruption
A disaster recovery plan usually focuses on the IT and data recovery of the business such as backup systems and additional servers whereas a BCP aims to address all the areas necessary to keep the business continuing. The two plans are interlinked.
In order to develop a comprehensive and effective BCP, you should follow six key stages:
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