Business Continuity Plan: Essential Business Functions

Slides:



Advertisements
Similar presentations
VCU-RRTC Webcast. Self Employment for Individuals with Disabilities Presented by Cary Griffin.
Advertisements

Accounting and finance Introduction to accounting.
EMS Checklist (ISO model)
Martin County Emergency Management Agency. Is your business prepared to survive the economic impact of a major disaster? Are your company's valuable assets.
Chapter 1 Financial Management.
Unit 1: Introductions and Course Overview Administrative Information  Daily schedule  Restroom locations  Breaks and lunch  Emergency exit routes 
What Can You Do Today?. Steps To Preparedness 1. Assess your risk – both internally and externally. 2. Assess your critical business functions. 3. Prepare.
Living with The 3 Key Financial Statements Putting the pieces together By Adrian Payne.
Building a Better Business Model Start with a discussion of Risk Higher Education Policy Commission Board of Governors Summit August 2, 2014.
Chapter 1 INTRODUCTION TO ACCOUNTING INFORMATION SYSTEMS
Applied Business studies managing people
Financing Unit 6.
1 The Role of the Finance Department Higher Grade Business Management 2009.
Business Start-Ups. Starting a business is no easy endeavour…. If you : Create a solid plan Stay organised Evaluate your business proposal realistically.
Financial Stewardship For Organizations: An Overview.
A Typical Business Plan
1.  1.1. Identify purpose of the business plan  1.2. Identify and review the essential components of the business plan  1.3. Identify and document.
CEB Corporate Leadership Council © 2013 The Corporate Executive Board Company. All Rights Reserved. 1 EMPLOYEE GUIDE: INTERACTING WITH EXTERNAL STAKEHOLDERS.
ACCOUNTING AND FINANCIAL RESPONSIBILITY IN STRATEGIC PLANNING By Charles D. Little, Ph.D.
APPA’s Financial Planning for Municipals Mark Beauchamp, CPA, CMA, MBA September 27, 2005 Business & Finance Workshop.
Business plan Name: Date: Author: Version:. business plan This section is usually the first in your business plan but can be finalized when the other.
Your Business Name Business Plan. 1.1 Product Overview.
Unit 3: Identifying and Safeguarding Vital Records Unit Introduction and Overview Unit objective:  Describe the elements of an effective vital records.
The need for record keeping. Why is it important to keep records? 1. Provides Necessary Financial records Increase efficiency Increase Profitability.
Continuity of Operations Plan (COOP). Objectives You will be able to: Describe COOP Identify Essential Functions Describe Order of Succession Recognize.
Operational Flow Order Concerns Gary Mahrenholz Division of Market Development Office of Markets Rates and Tariffs.
Chapter 12 Budgeting.
EXPECT THE UNEXPECTED Prepare Your Business for Disaster.
IDENTIFYING ESSENTIAL RECORDS Jerrianne Kolby. Discussion Topics Discussion Item One – Define essential records Discussion Item Two -- Identify the key.
Dr. Gerry Firmansyah CID Business Continuity and Disaster Recovery Planning for IT (W-VI)
Business Planning - an introduction With Dave Green.
Chapter 1 Market-Oriented Perspectives Underlie Successful Corporate, Business, and Marketing Strategies.
RISK MANAGEMENT SYSTEM
Prof. H. U. PADWAL Accountancy & Financial Management (IV) S.Y.B.Com.
Business Processes A business process describes a set of activities that are necessary to complete a response to a stimulus applied to an organization.
12-Accounting and Budgeting
Ethics in Crisis Management
BUSINESS CONTINUITY BY HUI ZHENG.
Business Continuity / Recovery
P.Krishnaveni/MBA/SNSCT
You Can’t Save Your Way to Financial Sustainability
The Role of the Finance Department
Basic Financial Statements
MANAGEMENT INFORMATION SYSTEM MEHTAP PARLAK Industrial Engineering Department, Dokuz Eylul University, Turkey 1.
Management Accounting
Enterprise Resource Planning
A Human Resource Information System
Practice: Budget and Fiscal Management
Cash Management and Capital Planning
PREPARATION OF A BUSINESS PLAN FOR SMALL BUSINESSES
Commercial Management
Business Planning Build a successful path for your business.
AN OVERVIEW OF FINANCIAL MANAGEMENT
Operating in a Global Business Environment
BUSINESS PLANS.
Finance for Non-Financial Managers
MAINTAINING FINANCIAL INFORMATION
Business Model Canvas Customer Perspective Logistics Perspective
Management Information Systems
Hypothesis Testing with the Impact Canvas
Mod_38_18 Limitation of Capacity Market Difference Payments to Loss Adjusted Metered Quantity. 12th December 2018.
Continuity of Operations Planning
How to Write Effective Business Plans
How to Write Effective Business Plans
Risk parameters (consequence)
Accounting & Bookkeeping Services Los Angeles By QBcure Inc.
Financial Management Financial Planning.
Developing a Business Plan
Template slide pack for investment pitch
Session 11: Finance Function
Presentation transcript:

Business Continuity Plan: Essential Business Functions 5/8/2019 Business Continuity Plan: Essential Business Functions

Overview What are essential functions? Questions to ask yourself How to identify? What else to include?

A service? A product? An operation? You know your business best! What are essential functions? Functions or activities that must continue at all times, even during and after an emergency. They typically reflect only a subset of a business’ normal operating functions. A service? A product? An operation? You know your business best!

Questions to ask yourself Is there a potential for revenue loss if this function is not completed? What business objective/goal does this function support?

Questions to ask yourself Does the successful completion of this function depend on any other functions? Are other functions dependent on this function for its successful completion?

How to identify? Sensitive to downtime Fulfill legal or financial obligations to maintain cash flow Play a key role in maintaining your business’ market share and reputation Safeguard an irreplaceable asset

Another way to identify Mission critical: Services necessary to achieving your organization’s mission Business critical: Functions that other businesses and organizations rely on to operate successfully Customer critical: Services that the your customers/clients depend on

What else to include? Include payroll and accounting systems to track and document costs Identify your suppliers, shippers, resources and other businesses you must interact with on a daily basis.

Things to remember Essential functions will not operate at 100% during recovery. In a larger scale event, you might bring in NEW customers and business in addition to your existing customers. Be Flexible!

Then take the next step…. Identify the resources required to maintain your critical functions