Develop one module of Business Continuity Planning

Project: Developone module of BCP(50%)

DUE: Wed16DECEMBER 2020

Note 1:Briefly provide an overview/descriptionof your fictitious company.Identify and discussthe importance of risk assessment to the organization’s framework?

Note 2:Ensure yourcitations and references adhere to therecommendedAPA format.

Project : Develop onemodule of BCP Plan

A business contingency plan is essentially a strategy that outlines the steps or course of action your management team and employees would need to take in the event of a disaster. You can think of it as a Plan B or disaster recovery plan. It gives you something to fall back on in case things don’t go as planned.Without a business contingency plan, you put your business at risk for a great deal of damage and lost productivity. It may be the difference between continuing operations and completely shutting down. Unfortunately, many organizations forgo business contingency plans because they’d rather put all their time and energy into Plan A. They don’t realize that a Plan B will help them achieve success, rather than hinder it.

Purpose:

The importance of a contingency plan should not be overlooked. After all, if your competitor has a strong business contingency plan in place and you do not, who is likely to survive when a disaster hits? Your competitor.By putting time and thought into your plan, you can overcome obstacles and keep business stable in the midst of a crisis. Not only does a disaster recovery plan minimize the impact of unforeseen events, but it also creates a plan forrunning your business after the disaster comes to an end.

Topics of Interests:

1.Risk Identification and Mitigation Identifyall the risks that your practice is exposed to and the possible major disruptions that could occur.The target practice should mitigate risks that threaten the health and safety of people, operations, patients, company assets, or the environment by reducing the risk to an acceptable level.

2.Business Continuity StrategyDefining the process of Business continuity planning forcreating systems of prevention and recovery to deal with potential threats to a company. In addition to prevention, the goal is to enable ongoing operations before and during execution of disaster recovery.

3.Disaster Recovery PlanA disaster recovery plan (DRP) is a well-documented approach focused on business continuity at the time of natural or human-interfered security incidents. ADRPincludes a set of policies, tools, and procedures that ensures the recovery of lost data and the continuation of daily operations of a business.

4.Exercising, Testingand MaintenanceThe only way a company can assure that its BCParrangements are validated is through exercises. The main purpose of the exercising stage is to ‘validate the business continuity strategy, activities, in the business continuity plan. This stage maintains the business continuity plan in a constant ready-state. A BCPthat is not constantly tested and updated will be of little help if a disruptive incident hits the organization. Changes have to be monitored; impacts, risk and continuity strategies need to be re-evaluated; the operations resumption plan needs to be updated; and exercises and testing need to be evaluated.