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Phases of BCP

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 ROSHNI asked about 3 years ago

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6 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 CA Sandeep Bohra answered almost 3 years ago

**The methodology for developing a business continuity plan can be sub-divided into eight different phases. The eight phases are given as follows:** 1. Pre-Planning Activities (Business Continuity Plan Initiation), 2. Vulnerability Assessment and General Definition of Requirements, 3. Business Impact Analysis, 4. Detailed Definition of Requirements, 5. Plan Development, 6. Testing Program, 7. Maintenance Program, and 8. Initial Plan Testing and Plan Implementation. .

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Aarti Vadnerkar answered almost 3 years ago

Business continuity planning can seem intimidating, leaving you to ask, “Where do I begin?” Fortunately, business continuity planning falls neatly into five phases, each of which includes steps that, when followed, provide the foundation of any good plan. Let’s take a look at the five phases. Phase 1: Identify the risks The first phase is to conduct a risk assessment, identifying any potential hazards that could disrupt your business. Consider any type of risk your team can imagine, including natural threats, human threats and technical threats. Phase 2: Analyze the risks you face Next, you’ll perform a business impact analysis (BIA) to gauge the impact of each potential risk. For each risk, determine how severe the impact would be and how long your business could survive without those processes running. Consider what is absolutely necessary for recovery, how quickly it needs to happen, what are your minimum operating resources are and any dependencies, either internal or external. Phase 3: Design your strategy Now it’s time to figure out strategies to mitigate interruptions and to quickly recover from them. Consider everything you’ll need to protect your people, your assets and you’re your functions. Start by comparing your current recovery capabilities to your business requirements and plzn how you will fill that gap. Phase 4: Plan development and execution Finally, it’s time to create a concise, well organized and easy-to follow document or set of documents. Consider everyone that may use the plan, and document it in a way that will be most useful when your business is suffering an interruption. Then publish the plan, socialize it and train your staff on how to use it Phase 5: Measure your success by testing A plan isn’t truly a plan until it has been thoroughly tested. There are a variety of tests you should perform, with each providing different information on how to improve your plan. Tests can range from a checklist test, a walk-through performed by you your team as if there were an actual event, emergency evacuation drills, and when ready, a full on recovery simulation test is a bit more complex and involves your team simulating and emergency and using the actual equipment, facilities and supplies just as in a real disaster. After each test, you can make any necessary modifications to your plan to keep it current. Once you’ve completed testing, the cycle is complete and begins again. Periodically reassess risks, impacts and strategies, make corrections as necessary, and re-test frequently to ensure the most effective plan.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 narahari answered almost 3 years ago

Pre-planning: understanding existing & projected business operations; establish a steering committee; develop a policy to support BCP; provide awareness & education Vulnerability Assessment: analyse possible threats/ disasters; assess all security measures Business Impact Analysis (BIA): identify critical systems, process & functions & assess economic impact of various incidents. Use questionnaire, workshops, interviews & examine documents. Detailed definition of requirements: requirements classified into short-term, medium term & long-term Design & develop BCP Plan: two aims:- business recovery & technical recovery

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Open uri20170510 32134 av7zy9?1494421834 Nishant Kumar answered about 3 years ago

Hey Roshni, The methodology for developing a business continuity plan can be sub-divided into eight different phases. The eight phases are given as follows: 1. Pre-Planning Activities (Business Continuity Plan Initiation), 2. Vulnerability Assessment and General Definition of Requirements, 3. Business Impact Analysis, 4. Detailed Definition of Requirements, 5. Plan Development, 6. Testing Program, 7. Maintenance Program, and 8. Initial Plan Testing and Plan Implementation. . Hope this helps! All the best! Nishant

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Data?1494421730 rohit awasthi answered about 3 years ago

Dear Friend > Phases of BCP 1. Pre-planning: understanding existing & projected business operations; establish a steering committee; develop a policy to support BCP; provide awareness & education 2. Vulnerability Assessment: analyse possible threats/ disasters; assess all security measures 3. Business Impact Analysis (BIA): identify critical systems, process & functions & assess economic impact of various incidents. Use questionnaire, workshops, interviews & examine documents. 4. Detailed definition of requirements: requirements classified into short-term, medium term & long-term 5. Design & develop BCP Plan: two aims:- business recovery & technical recovery 6. Testing: ensure recovery procedures are complete & workable; adequate competence of personnel; availability of resources; workability of manual procedures; proper training of BCP programmes 7. Implementation: implement selected plan; define periodic test schedules; define test approaches; identify test types with procedure to conduct tests; analyse test results; modify plans as per maintenance program 8. Maintenance: determine ownership of responsibility for maintenance; identify events which may trigger maintenance of BCP; ensure proper maintenance & updation of plan Thanks

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Open uri20170510 32134 8wx65y?1494421689 Charan Reddy answered about 3 years ago

Five phases of business continuity planning Phase 1: Identify the risks --------------------------- The first phase is to conduct a risk assessment, identifying any potential hazards that could disrupt your business. Consider any type of risk your team can imagine, including natural threats, human threats and technical threats. Phase 2: Analyze the risks you face ----------------------------------- Next, you’ll perform a business impact analysis (BIA) to gauge the impact of each potential risk. For each risk, determine how severe the impact would be and how long your business could survive without those processes running. Consider what is absolutely necessary for recovery, how quickly it needs to happen, what are your minimum operating resources are and any dependencies, either internal or external. Phase 3: Design your strategy ----------------------------- Now it’s time to figure out strategies to mitigate interruptions and to quickly recover from them. Consider everything you’ll need to protect your people, your assets and you’re your functions. Start by comparing your current recovery capabilities to your business requirements and plzn how you will fill that gap. Phase 4: Plan development and execution --------------------------------------- Finally, it’s time to create a concise, well organized and easy-to follow document or set of documents. Consider everyone that may use the plan, and document it in a way that will be most useful when your business is suffering an interruption. Then publish the plan, socialize it and train your staff on how to use it Phase 5: Measure your success by testing ---------------------------------------- A plan isn’t truly a plan until it has been thoroughly tested. There are a variety of tests you should perform, with each providing different information on how to improve your plan. Tests can range from a checklist test, a walk-through performed by you your team as if there were an actual event, emergency evacuation drills, and when ready, a full on recovery simulation test is a bit more complex and involves your team simulating and emergency and using the actual equipment, facilities and supplies just as in a real disaster. After each test, you can make any necessary modifications to your plan to keep it current.

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