Business Continuity Planning (BCP) is the capability and readiness to deal with identified disasters to ensure continuity of critical business processes at a level that is acceptable and limits the impact of the disaster on the business. For most technology and operations organizations this is a key aspect of ensuring that their capabilities can respond to a disaster without delivering significant negative impact to revenue, customer satisfaction or business profitability. This is also an area where many business are wary of making the investment as it is seen only as an unlikely scenario.

BCP needs to be included in the technology and operational plans to take insurance for the day when the business gets hit. This also means the cost is a key driver taking such insurance. We have worked with businesses to optimize the BCP planning investments such that they are the right fit for the business keeping the degree of exposure of the risk based on scenarios, probability and impact estimated. For Industries where compliance is important, BCP is not a choice, but rather an essential aspect to plan for the business.