BUSINESS CONTINUITY
Business continuity is the ability of an organization to maintain essential functions during, as well as after, a disaster has occurred. Business continuity planning establishes risk management processes and procedures that aim to prevent interruptions to mission-critical services, and re-establish full function to the organization as quickly and smoothly as possible.
The most basic business continuity requirement is to keep essential functions up and running during a disaster and to recover with as little downtime as possible. A business continuity plan considers various unpredictable events, such as natural disasters, fires, disease outbreaks, cyber attacks and other external threats.
A business continuity plan has three key elements: Resilience, recovery and contingency.
A company can increase resilience by designing critical functions and infrastructures with various disaster possibilities in mind; this can include staffing rotations, data redundancy and maintaining a surplus of capacity. Ensuring resiliency against different scenarios can also help businesses maintain essential services on location and off-site without interruption.
Rapid recovery to restore business functions after a disaster is crucial. Setting recovery time objectives for different systems, networks or applications can help prioritize which elements need to be recovered first. Other recovery strategies include resource inventories, agreements with third parties to take on company activity and using converted spaces for mission-critical functions.
A contingency plan has procedures in place for a variety of external scenarios and can include a chain of command that distributes responsibilities within the organization. These responsibilities can include hardware replacement, leasing emergency office spaces, damage assessment and contracting third-party vendors for assistance.
Similar to a business continuity plan, disaster recovery planning specifies an organization’s planned strategies for post-failure procedures. However, a disaster recovery plan is just a subset of business continuity planning. Disaster recovery is mainly data focused, concentrating on storing data in a way that can be more easily accessed following a disaster. Business continuity takes this into account, but also focuses on the risk management, oversight and planning an organization needs to stay operational during a disruption.
