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Unit 5: Corporate Governance and IT




          The size and complexity of your business continuity plan will depend on your business. You  Notes
          may choose to have separate risk management, incident response and recovery plans. If you are
          a small business, you might find a single business continuity plan that incorporates all of these
          elements suits you better.

          5.6.1 Benefits of a Business Continuity Plan

          While some companies have developed contingency plans, most have not. This lack of
          preparedness not only threatens the viability of sectors in Canada, but, as in the case of
          manufacturing, also jeopardises the delivery of critical goods that depend on complex supply
          chain systems.
          Creating and maintaining a BCP helps ensure that your business has the resources and information
          needed to deal with an emergency. Other benefits include:

              Enhance your business image with employees, shareholders and customers by
              demonstrating a proactive attitude.

              Improve efficiency in the overall organisation.
              Identify the relationship of assets both human and financial resources with respect to
              critical services and deliverables.

          5.6.2 Business Continuity Plan Management

          Your business continuity plan is a living document. Testing your plan regularly will help you
          evaluate how reliable it will be if you have to respond to an incident or crisis. You can then
          update it with any improvements.
          You should update your business continuity plan at least once a year. You will also need to
          update it whenever there are changes in your business, your industry or the location you
          operate in.




            Notes  Keeping your staff up to date with any changes to your plan will help them put it
            into action in case of an incident, which will in turn reduce the impact to your business.

          5.6.3 Strategies for Testing your Business Continuity Plan

          Some parts of your business continuity plan will be easier to test than others. For areas that are
          difficult to physically test, consider paper-based exercises and meetings to review and assess the
          plan.

          The following are some strategies for testing your plan.

          Drills and Training

          You may be legally required to provide training and conduct drills to test some of the workplace
          health and safety aspects of your business continuity plan, such as fire evacuation plans.
          If you deal with hazardous materials, special equipment, or in risky environments, you may
          need to provide training for your staff so they can do their jobs safely and respond appropriately
          if there is an incident. Find out what workplace health and safety practice apply to your business.






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