The COVID-19 pandemic has
brought with it unprecedented changes and challenges in our life and businesses
are faced with obstacles never seen before. While some of us are grappling with
the important question of whether we will survive this, a question that is
relevant to us all is “How shall businesses continue in these times and
thereafter?” It is important to plan to minimize the impact, focus on the priorities
and recover from the losses. This is exactly what a Business Continuity Plan (BCP)
does.
Below we highlight the purpose of a BCP, the key Steps to Develop a BCP and finally a Plan for Immediate Action in the key areas of Profits, Processes, Infrastructure and People.
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