What is Business Continuity?
The term “Business continuity” refers to the ability of an organisation to continue its important operations at the time of a disaster. It includes organisation-level planning and preparation to ensure that it is minimally affected and is able to recover quick from a disruptive business event. Business continuity planning is often handled by the IT department of an organisation but is an interdepartmental process. It covers a wide range of events and disasters, such as natural disasters, serious incidents, cyber attacks, pandemics or business crisis.
Points to Remember
- The three key elements of business continuity are resilience, recovery and contingency
- Resilience includes controlling and supporting the core infrastructure to ensure it is unaffected during a disaster.
- Recovery refers to the arrangements that are made for a speedy and smooth recommencement of business functions.
- Contingency preparations are done for possible scenarios where resilience and recovery arrangements are rendered inadequate and insufficient.
- A popular method of ensuring the effectiveness of business continuity is the use of methods and policies that have been proven effective and have international standards.