All Business Continuity plans include the following components or functions in the Plan’s initial phase:
- Discovery of critical business processes.
- Identification of internal and external risks to the processes.
- Risk assessment: what is the probability of the risk occurring vs. the impact on the organization if the risk occurs.
- Identification of means to avoid or mitigate risks.
- Recommendations to management.
© 2004, John Glenn MBCI CRP