Business Contingency Plan

By: Taktik Consulting  29-11-2014
Keywords: Business Consulting, British Columbia, Business Contingency

What will you do if a key staff member suddenly becomes ill, quits or dies? What if your main supplier suddenly goes out of the business? What is your contingency plan in the event of natural disaster? A business contingency plan is the key that prepares businesses to respond logically in unplanned events. How business contingency plan can help * Determine the main risks to your business * Prepare an evacuation plan * Establish a communication system * Steps to protect your electronic data How Taktik can help Taktik consultants understand that it is difficult to invest time in preparing a good business contingency plan as various business operations and processes are intense and chances of such disturbance is very small. Many businesses just ignore the contingency planning, but not having such plan in the disastrous event can result into damaging or failure of the business. A business contingency plan should be comprehensive but straightforward, and it should be updated every year. Typically business contingency plan includes the following sections: * Potential emergencies * Role continuity details * Business data preservation plan * Emergency equipment * Communications fan-out system * Plan testing, training and exercises schedules

Keywords: British Columbia, Business Consulting, Business Contingency, Business Contingency Plan,

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