Business Continuity Planning Research Paper Example | Topics and Well Written Essays - 1000 words

Business Continuity Planning - Research Paper ExampleIn 2007, Hewlett Packard conducted a study on the uptake of cable continuity cooking in some selected organizations. The results indicated that about 31% of small bank line had no business continuity planning in place (Guy & Lownes-Jackson, 2011, p.55). This paper will explore how business underside develop a business continuity plan to certify that they are prepared to face disruptive events that indwelling or manmade factors piece of tail trigger within the business environment. In this research paper, I will explore the steps that business can take to develop an efficient business continuity planning that will boost the preparedness to face disaster. In particular, the paper will delve on the steps that organizations must follow to pull through at a concrete and useful business continuity planning. First, the paper will explore first step called the initiation step where senior solicitude of an organization meets and h arbour out a comprehensive review of the shortcomings in preparedness along with evaluating available resources. Second, the paper will address the second fix upbusiness impact analysis. The paper will reveal the value of business impact analysis and its execution. ... Lastly, the fifth section of the paper will detail how organizations carry out maintenance and testing of business continuity planning they have developed. Such a paper should provide significant insights on the process of business continuity planning and embed it as a core strategy that businesses can adopt to remain competitive in a world for myriads of factors can cause business to stop their operations. Business continuity planning Business operations are often at risk of disruption by threats from natural forces or human factors. For instance, terrorists attack on World Trade Centre and the Tsunami in Japan left m whatever businesses with the lack of capacity to do any business operations (Adkins, Thornton & Bla ke, 2009). It is such threats that create a need for business continuity planning because this process allows business to resume their operations and sustain hypercritical operations when an outage occurs (Wei. 2009). In order for an organization to have a business continuity plan in place, it has to follow the five steps necessary in creating a Business continuity plan. a) Initiation the Plan This is often the first state of business continuity planning where the senior management of the organization meet, strategize, and quantify the feasibility of the project. This meeting plays an integral role in allowing the managers to own the business continuity-planning project and dedicate various resources for its completion. In this meeting, the management will review the goals and object of the project and align them with the business objectives of the organization (Rinehardt, 2010). In addition, the management must also identity