The devil is always in the detail.
And now the real work starts, we get down to the nitty gritty.
We’ve got management buy in and explained to the whole organisation why business continuity is important and now we have to deep dive into the organisation and look at the events which could interrupt it activities and the income stream. IMPACT ANALYSIS.
In stage 3 we start off with and Analysis of key vulnerabilities. Some are easy to spot, like major physical damage and are taken care of by insurance, such as fire or flood. In almost all cases things we hadn’t considered, turn out to be the ones that need the most planning.
Here are just a few:
- Death, incapacity of key personnel
- Important team leaves to start a business
- Loss of a major supplier or customer
- Increased competition
- Failure of critical machinery
- Long lead times on key equipment
- Political environment
- New and more restrictive regulations
- Major protests and civil disorder
The list is almost endless, but most important are the ones that will significantly interrupt the income stream of the business.
We grade each on for frequency and severity as well as potential impact in a detailed assessment and then rank them so we can start planning for these events, to make sure you can #justkeepgoing
Have a great day
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