In: Operations Management
Develop a Business Continuity Plan that you've developed for a real life situation that involves technology
Be sure to follow the BCP process as discussed in class to develop your plan.
Document the entire process and scenario and then explain how you prioritized this business process over all others (basically explain the BIA).
QUESTION ANSWERED IN DIFFERENT POST
Now, I will discuss the develop a Business Continuity Plan that is developed for a real life situation -
A business continuity plan is a document that involve the all type of critical information which is neccesary to an organization.Its help to continue operating during unplaned event. We can say Business continuity plan is the BACKUP.
# We can Analysis of potential threats as like natural disaster and unnatural disaster such as tornado and flood, physicall destroy our IT infrastructure.
# We can assignment of areas of responsibility. because if there is any type of disaster we can not wait important player. We can take action.
# Our plan should be include up-to-date contact information on people because if there is any disaster we need to contacted as like ambulance, fire, police, etc.
# We have to business recovery teams, they are responsible for renew operation after the crisis is over.
# For continuity of business, our organization should plan for what to do in case of a long term outage.
# We have to work on alternative communication strategy such as contact emergency services.
The document of entire process and scenario-
# First is Risk Assessment, it evaluate the physical security and the impact of various business disruption scenarios.
# Second is Business Impact Analysis(BIA), It includes recovery assumptions as well as special circumstances.
# Third is Hedge Fund Business Continuity Plan Development, It includes developing department, division and site level plans. It reviewing plan with key stakeholders to finalize and distribute.
# Fourth is Plan implementation, it conducting training sessions to help employees to confortable with outlined plans.
# Fifth and last is Plan Testing and Maintenance,It ensuring that it is tested and maintained on a regular basis.
We can prioritized this business process through BIA-
# In this time Prioritization is the most important to the highest priorty Business Process. It should identify the critically of the business functions and knowledge of current state rank. It include an individual business function may be determine by analyzing the recovery time objective, customer impact, reputational impact, financial impact also.