The Business Continuity planning process can be overwhelming, especially if you’re looking at it for the first time. There are subtle differences in terminology, lots of acronyms, and a number of different moving parts that can be difficult to keep track of. In order to make the process easier to manage, the industry has broken it down into 5 phases of Business Continuity Planning:
These phases can help you keep track of what needs to happen and when. The focus for this post is on the Prevention and Mitigation phases. Response, Recovery, and Restoration will be covered in our next post.
1 – Prevention
The Prevention phase is concerned with taking steps to lessen the chance that a threat could occur. To put this in context, businesses start the planning process with a Threat Risk Assessment (TRA). During the TRA, a business might discover that they are at high risk of fire due to storing highly flammable chemicals next to a heat source. By moving those chemicals away from the heat source, they are lessening the chance of a fire occurring.
2 – Mitigation
By contrast, Mitigation is about taking steps to lessen the impact on your business when a threat occurs. There are some threats that you simply have no control over, like a power outage. But, the impact of a power outage can be lessened by installing a generator or Uninterrupted Power Supply (UPS). This would ensure there is no immediate data loss, and core operations can continue for the short term.
Both of these phases address steps taken in advance of an incident to ensure a more timely and effective response and recovery. In our next blog, we will discuss the phases involved in planning for what is required when an incident actually occurs.
Check back soon as we go through phases 3,4,5 of the 5 phases of Business Continuity planning.
KingsBridgeBCP offers businesses of all sizes BCP Software Solutions and industry know how based on best practices. We help build, exercise, and maintain Business Continuity Plans. Our software packages are customized to meet the wide range of our customers’ needs, ensuring we deliver the best value in every project.