Business continuity in times of crisis
Business disruption is a key concern and reality for many in these challenging times. Possible consequences are multiple, challenging companies to mitigate risks under extreme pressure and volatile conditions.
Business disruption is a key concern and reality for many in these challenging times. Possible consequences are multiple, challenging companies to mitigate risks under extreme pressure and volatile conditions.
Floods, earthquakes, hurricanes and pandemics can change our lives drastically. The impact of COVID-19 is testing nations, its citizens and companies to its limits.
Business continuity is the capability of an organization to continue the delivery of products and services within acceptable time frames at predefined capacity during a disruption.* A business continuity plan according to standards such as ISO 22301 recognizes potential threats to the organization and analyses the impact it may have on day-to-day operations. It supports an organization in planning and knowing how to go ahead under any circumstances, even less severe than what we currently experience.
While the COVID-19 scenario is unprecedented in our times, there is a benefit to having planned for resilience and knowing your maturity level.
* ISO 22301:2019
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