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.
To read full note, please click here.