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Here are four key components of a BCP template: Outdated BCPs might result in loss of customer trust, huge revenue loss, and damage to brand and company reputation.This is why it is crucial for BCPs to remain up-to-date.Manual workarounds should be part of the IT plan so business can continue while computer systems are being restored.
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BCP templates serve as a guide for organizations to know how to effectively respond to potential business-disrupting events.
The ability to run both office productivity and enterprise software is critical.
Therefore, recovery strategies for information technology should be developed so technology can be restored in time to meet the needs of the business.
i Auditor BCP templates can be edited to fit the organization’s needs.
Business Continuity Planning Process Diagram - Text Version When business is disrupted, it can cost money.The worksheet should be completed by business function and process managers with sufficient knowledge of the business.Once all worksheets are completed, the worksheets can be tabulated to summarize: Those functions or processes with the highest potential operational and financial impacts become priorities for restoration.Lost revenues plus extra expenses means reduced profits.Insurance does not cover all costs and cannot replace customers that defect to the competition.Up-to-date and efficient BCPs help businesses effectively manage any unexpected event, prevent extra costs, and continuously develop their overall processes and key functions.Paper-based templates for BCPs can be troublesome for management to keep and regularly update.It also uses information to make decisions about recovery priorities and strategies.The Operational & Financial Impacts worksheet can be used to capture this information as discussed in Business Impact Analysis.The point in time when a function or process must be recovered, before unacceptable consequences could occur, is often referred to as the “Recovery Time Objective.”Recovery of a critical or time-sensitive process requires resources.The Business Continuity Resource Requirements worksheet should be completed by business function and process managers.