Reducing risk: how do you increase business resilience? Do you relocate your people to maintain key operations? http://www.news.com.au/national/siege-at-sydneys-lindt-cafe-martin-place-long-identified-as-a-terrorist-target/story-fncynjr2-1227156341960
The recent siege at Martin place, in Sydney’s CBD caused several surrounding businesses to close operations during the siege. They had no option, they evacuated offices as directed by authorities. Some businesses plan to relocate key staff to a safe place far enough away to maintain operations. It really depends on the business, criticality of job function requirements, impact and length of disruption.
Others identified the risk and had a plan, to plan, this is not a plan. A business continuity plan can enable your business to be prepared in a state of readiness, where needed key business operations can continue during a disruption.
Plans may include relocating key staff to alternate sites, closing business operations or the provision to enable remote workers via an alternate location. Having a plan in place, enables you to identify and react in a state of readiness during a disruptive/disastrous event, to protect business revenue streams.
Testing these plans can provide comfort and reduce risk during a disruptive event, where not having a plan can be disastrous.
- Can your business operations recover after an outage?
- Do you know what your maximum acceptable outage is?
- Can put a dollar value against possible loss of revenue, should your business occur a disruption?
- Do you know what your recovery objectives are, so you can restore operations?
It is estimated that the average medium business impact is $84,000 loss revenue per hour!
- Will a disruption occur and how do I plan for this?
- What will be the impact to my business revenue and reputation during a business outage?
Businesses need to be prepared for an emergency, as disruptions small or significant can impact their capabilities to provide crucial businesses services and access critical data. Responding in a panic however in a planned approach, a business could respond in an effective manner, begin to provide access to critical systems and in-time restore non-critical systems to meet planned recovery objectives.
Why do we test our plans? To protect the bottom line, so we can restore operations in a timely manner.
Can you answer these questions?
- what are my critical systems, can I recover these in a timely fashion?
- where do my people go?
- how can I keep my people focused on the recovery of operations?
The Sound of Silence
- I don’t have time but I need a plan
- I need help but don’t know who to talk too
Case Study [read here] http://www.enterprisedata.com.au/files/Case_Study_The_Sound_of_Silence.pdf
Assess your readiness here
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