Businesses are often inclined to think in the first place about opportunities and potential returns on investment, rather than about failures, disasters, and emergencies that could occur. However, as we have all learned quite recently, a disaster can occur at any time, and in any form.
It is impossible to predict which disaster will strike next. Therefore, it is important to account for a multitude of possible disasters and threats. Possible disasters are often classified as either naturally occurring or artificial events. Examples of artificial man-made threats include cyber-attacks, terrorism threats, and theft. Natural threats include fires, power outages, earthquakes and of course: pandemics.
A business continuity plan (BCP) is a document that outlines a range of disaster scenarios that can negatively impact a business, and the steps the business can take in any particular scenario to ensure an adequate response and recovery in order to regain regular business as soon as possible.