Business Continuity / Disaster Recovery
The Covid 19 pandemic of 2020 is a stark reminder that when unexpected events happen to businesses who have failed to plan, it can leave an organisation in a precarious position, very often resulting in financial loss, cutbacks, redundancies or complete failure. In fact some statistics claim that up to 75% of businesses that don’t have a BCP will fail within 3 months of such an event.
Entrepreneurs and senior managers are usually positive and resourceful, and believe that such things can be dealt with using seat-of-the pants methodology. But the reality tells a different story; as the old saying goes, fail to plan, plan to fail.
But BCP and DRP is not just about sending people home, replacing equipment or managing communications, it is also about managing supply chains, security, health and safety, assets and a whole host of other factors that take proper analysis to identify and rank.
That is why employing a professional to guide you through the process should be seen in a similar vein to buying insurance; you hope you’ll never need it, but should you suffer the ramifications of a significant event, you better pray that it pays out.