The purpose of a business continuity plan is to define the recovery process developed to restore ’s critical business functions in the event of disaster or interruption. The plan components detail ’s procedures for responding to an emergency situation, which affects ’s ability to deliver core services to customers and theability to meet investor, legal or regulatory requirements.
Objectives of the Plan include:
- Facilitate timely recovery of core business functions
- Protect the well-being of employees, their families and customers
- Minimize loss of revenue/customers
- Maintain public image and reputation
- Minimize loss of data
- Minimize the critical decisions to be made in a time of crisis
Download a guide to developing a business continuity plan here: Business Continuity Planning – Guide to Developing the Plan