Business continuity planning (BCP),
Definition of Business continuity planning (BCP):
The BCP includes an understanding of all the risks that can affect a company's business. This makes it an integral part of the company's risk management strategy. Risks can include natural disasters (fires, floods or weather events) and cyber attacks. Once the hazards have been identified, the plan must include:
Identify, develop, maintain, document and review procedures and resources that guarantee continuity of important company work in the event of an accident, disaster, emergency and / or hazard. These include (1) risk mitigation (reducing the likelihood of a negative event) and (2) resuming business (ensuring business continuity after a disaster).
Business Continuity Planning (BCP) is the process by which an organization develops a system for avoiding and recovering from potential risks. This plan ensures that staff and assets are safe and can act quickly in the event of a disaster. In general, BCPs are pre-developed and involve key stakeholders and employees.
How to use Business continuity planning (BCP) in a sentence?
- The PCA should be inspected to ensure that any vulnerabilities cannot be identified and corrected.
- BCP is designed to protect staff and property and to ensure that they can act quickly in the event of a disaster.
- Business continuity planning is a strategic part of the business that works like a tree of opportunity to build branches.
- Business Continuity Planning (BCP) is a process by which companies create a system to avoid and recover from potential threats such as natural disasters or cyber attacks.
- The Technical Assistance Department was able to resume operations after the storm, largely thanks to an effective business continuity plan.
- Business was fine until the storm. These natural disasters expose weaknesses in business continuity planning.
Meaning of Business continuity planning (BCP) & Business continuity planning (BCP) Definition