The Strategy behind Continuity Planning
- Published: Friday, 05 February 2016 09:46
Helping Businesses Stay in Business… That is the mission of Huber Advisors. But it is very common to immediately be asked, “How do you do that?”
Many providers of business continuity planning answer that question by saying they help or facilitate the creation of your plan. In some cases, it is little more than providing a template for you to fill out. We, however, think that is rather shortsighted. It is crucial to factor in the overall strategy and direction of the organization as part of defining a Recovery Strategy.
Take the following definition of Strategic Risk Management:
Looking at a Business Continuity Plan (BCP), one key objective is to manage and mitigate operational risks as a means to address events and scenarios that impact an organization’s ability to provide their product(s) or service(s). The BCP meets the needs of strategic risk management, whose role is to create and protect shareholder and stakeholder value. Protecting that value is a pretty key component of staying in business.
Laying out a recovery strategy requires alignment from an organization Missions & Vision statements, through the statement of policies and practices, to continuity planning, validation and training, and through to how operational services are implemented and provided. Each piece has its own unique component to the overall strategy, and needs to marry up with the other piece.
It all starts with your mission. Ours, here at Huber Advisors is quite simple:
Huber Advisors: Helping Businesses Stay in Business