When day-to-day operations are disrupted by a natural disaster, it can cost you money and lost revenues plus extra expenses which all mean reduced profits.
Development of your business continuity plan includes four steps:
Conduct a business analysis to identify your time-sensitive or critical business functions and processes and the resources that support them.
Identify, document, and implement a plan to recover your critical business functions and processes.
Organize a business continuity team and compile a business continuity plan to manage the business disruption.
Test testing and exercises to evaluate recovery strategies and the plan.Following an incident that disrupts your business operations, your will need resources to carry out recovery strategies and to restore your normal business operations.
Resources can come from within your business or be provided by third parties.