1.

What Are The Consequences To The Organisation?

Answer»

In order to truly drive home the importance of business continuity, the final question to be answered is regarding the consequences to the organisation. Again, it is best to be thorough and, to the extent possible, quantify the losses that could result, for example with respect to:

Loss of revenue:

  • Additional expenses that may be incurred, such as for penalties and fines, for interim arrangements, and to rectify to PROBLEM, and
  • Other losses that might be incurred, such as sanctions that might be imposed or losses to the organisation’s reputation, market share, or STOCK price
  • In summary, the above five questions would PROVIDE organisations with a solid foundation upon which to develop their business continuity plans, and to APPRECIATE the resources that may be needed for its successful implementation. It is therefore emphasized that the effort made to thoroughly address these questions will have an impact on the final quality of the plan DEVELOPED.

In order to truly drive home the importance of business continuity, the final question to be answered is regarding the consequences to the organisation. Again, it is best to be thorough and, to the extent possible, quantify the losses that could result, for example with respect to:

Loss of revenue:



Discussion

No Comment Found