Senior managers or a BCP Committee would normally: The BCP committee is commonly co-chaired by the executive sponsor and the coordinator.
The purpose of the BIA is to identify the organization's mandate and critical services or products; rank the order of priority of services or products for continuous delivery or rapid recovery; and identify internal and external impacts of disruptions.
Business Continuity Planning is a proactive planning process that ensures critical services or products are delivered during a disruption.
A Business Continuity Plan includes: Having a BCP enhances an organization's image with employees, shareholders and customers by demonstrating a proactive attitude.
The BCP senior management committee is responsible for the oversight, initiation, planning, approval, testing and audit of the BCP.
It also implements the BCP, coordinates activities, approves the BIA survey, oversees the creation of continuity plans and reviews the results of quality assurance activities.Additional benefits include improvement in overall organizational efficiency and identifying the relationship of assets and human and financial resources to critical services and deliverables.Every organization is at risk from potential disasters that include: A BCP contains a governance structure often in the form of a committee that will ensure senior management commitments and define senior management roles and responsibilities.Loss of image or reputation is especially important for public institutions as they are often perceived as having higher standards.Since few organizations can afford to pay the full costs of a recovery; having insurance ensures that recovery is fully or partially financed.Although they differ in goals and functions, BCP can be applied by all organizations.A Business Resumption Plan describes how to resume business after a disruption.If a business function or process is inoperable, how long would it take before additional expenses would start to add up?How long could the function be unavailable before extra personnel would have to be hired?The impact of a disruption to a critical service or business product determines how long the organization could function without the service or product, and how long clients would accept its unavailability.It will be necessary to determine the time period that a service or product could be unavailable before severe impact is felt.