Applying effective risk management within an organisation needs to be complemented with the implementation of a holistic and well-tested business continuity plan which ensures the continuity of operations, or recovery thereof, in a determined recovery time objective.
Business continuity management is crucial for organisations as this ensures they are prepared for any disruptions, hence minimizing the potential impact on their core business processes. Business continuity plans are not found on shelves as part of standard packages for organisations. They need to reflect the organisation’s structure, resources, nature, size, and complexity.
It is for this reason that a complete business continuity plan needs to be compiled as a result of a business impact assessment and a risk assessment which determine the organisation’s critical functions, significant risks, the required resources and the minimum recovery time objectives.