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Business Continuity Plan (BCP)

Definition

What is a business continuity plan (BCP)?

A business continuity plan (BCP) is a part of risk management strategy to help the business recover from potential threats. This includes cybersecurity attacks, weather-related calamities, and other force majeure events such as pandemics. 

Business continuity planning involves listing all the possible risks that the business will face, how this will affect its operations, and how they can prevent this from happening. It also aims to protect the assets and resources of a company in case these threats happen.

Business continuity plan template

Usually, BCP development consists of impact analysis, recovery, organization, and training. A BCP uses realistic and time-bound risks that commonly affect the business. Then, they can analyse how to prevent this and recover from setbacks of these risks. Templates to document BCP is available from resources on the internet.

What is a business continuity plan (BCP)?

 

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