Business Continuity Planning – Understanding Risks & Rewards
Discover the importance of Business Continuity for all businesses. Learn how to propose and implement a program to ensure operations during disruptive events. Understand the risks and threats involved and justify the need for a Business Continuity Management program. This course is ideal for those in Accounting, Finance, Business Management, or related fields.
What you’ll learn
- Explore an understanding of why Business Continuity is critical for all business entities.
- Participants will articulate & describe Business Continuity concisely and clearly.
- Assess how to Propose and justify implementation of a Business Continuity program for your organization to the organization’s board & employees.
- Identify the negatives of not having a Business Continuity program.
This course provides an intensive explanation of Business Continuity and gives you the tools you need to justify and validate Business Continuity’s importance to the Board and employees.
From the smallest business venture to the largest, all businesses face a range of operating challenges for a wide range of complex issues, including events that have not happened yet – or may never happen. One of the most crucial objectives of management is to learn how to deal with Business Continuity Planning and Implementation.
Business Continuity Planning is the process through which an organization ensures the maintenance or recovery of operations, including services to customers, when faced with disruptive events such as natural disasters, technological failures, human error, or terrorism.
This session covers:
What is Business Continuity? How it evolved, and how it differs from regular risk management
Risks & Threats: Understanding risk, and identifying real threats and interdependencies
Basic Definitions: Understanding terms such as Business Continuity Management, Business Impact Analysis, Critical Market Participants, Major Operational Disruption, Operational Risk, Recovery Time and Resilience, among others
Why is Business Continuity Critical? We examine potential “headaches” such as telecommunications failures and the potential for disruptions caused by environmental failures
Justification for a BCM Program: What is the real bottom line in trusting your business to fate and probability?
Who this course is for:
- Anyone interested in Accounting, Finance, Business Management or related fields.
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