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What are the Benefits to a Business Continuity Program?

Topic: Business DevelopmentPublished April 18, 2013

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How DCS helps you Strengthen the Core of your OperationsImprove your credibility with lenders, clients and partners. Having a mature continuity plan in place can be a strong attraction to businesses looking for vendors or venture opportunities. Lenders and insurance companies are requiring it. • Knowing what’s important. rnAt any time it can be difficult to make a good decision but when the stakes are high it’s more difficult than ever. Keep your vision clear by understanding the core values of your organization. • Understanding risks to operations. Knowing where you stand in proximity to hazards and what impacts they could have on you are key to effective mitigation. • Faster response to problems. Automate time-intensive, error-prone manual processes and activities to enable your employees to focus on critical tasks, minimizing impact of the interruption on the organization. Studies show the ability to respond quickly and effectively will make a considerable difference in avoiding financial and reputation damage. • Learn from your mistakes. Don’t repeat them! Logging incidents and performing complete analysis and feedback is valuable and can keep you from making the same mistake twice (or more). • Improved employee protection and accountability. rnWhen employees are clear on policies, know what their priority is and are trained to identify and respond to problems, the costs of those problems is considerably less. • Collaboration within and outside the organization. Chances are more than one person will be needed to respond to a problem. Help from key employees, business partners, police or other experts may be required. Know who to call when you need help. • Strategic response. rnIdentify what’s important in advance so that when you’re responding to an interruption you can make choices that are best for your business, regardless of the problem. • Reliability. By testing and exercising your plan on a regular and incremental basis you will not only evaluate the effectiveness of your plan but strengthen the effectiveness of your operations. • Continuous improvement. Periodic maintenance insures your plans stay up to date with business priorities, compliance and customer demands. • Reduced costs. rnContinuity tools and planning activities will not only reduce risk, but also produce cost savings and improve business processes.

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About the Author

Eryn Tribble is a certified Associated Business Continuity Professional (ABCP) who offers experience and expertise in Business Continuity Management (BCM) with a focus on employees as the company greatest asset and human management in continuity. Eryn BCM understanding ranges from implementing continuity as a project to infusing resilience into the practice of business. She is a dedicated risk specialist with a specialty in finance and commodity trade and supply. Having worked within global supply chains and trade houses, Eryn brings a unique perspective on diversity and resilience. For more details please visit http://www.dcsplanning.com/ and http://www.diytu keycontinuity.com

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