Business Continuity Plan
Learning Goal: I’m working on a business plans writing question and need an explanation and answer to help me learn.
As you learned in Chapter 13 of your textbook, BCPs help organizations prepare for a major disaster or disruption in their operations. Natural disasters, such as floods, hurricanes, and tornadoes, can cause power outages that could severely impact business operations and IT systems. Unforeseen circumstances, such as a hack, data breach, or poorly planned business change, can also impact operations and a business’s IT infrastructures. For this week’s discussion, you and your peers will have the opportunity to reflect on BCPs.
For your initial post, select one of the scenarios below and answer the questions relating to it. Be sure you state which scenario you have selected in your post.
Imagine you work for an organization that has business liability insurance, asset replacement insurance, and natural disaster insurance. Does your organization still need a BCP? Why or why not?
Imagine you are conducting a BCP for a small auto-parts supply business. As you are creating the BCP for the organization, you realize that it cannot afford to keep more than seven days’ worth of supplies on site. What would you suggest to the owner of the small business, and why?