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Business Continuity Planning Checklist

Business Continuity Planning Checklist

Posted by Ncontracts on Oct 31, 2018 12:30:00 AM

A business continuity checklist is a concise list of tasks that must be done to create an adequate business continuity plan (BCP). The BCP is a plan for dealing with unexpected events in a way that allows the bank to continue operating and recover its normal functions after the event is over.

Thebusiness continuity planning checklist starts with tasks designed to plan for the impact of a disaster. These tasks include identifying an emergency coordinator and team, essential employees, resources, and vendors. Another task is to train employees and vendors.

As the bank follows the checklist items, they can plan for scenarios that would likely increase or decrease business. Potential threats are identified, and information is gathered using the checklist as a guide. Plans are established for emergency communications. Another item on the checklist is to test the plan and revise it regularly.

Procedures are established for preventing or dealing with employee absences.

The business continuity planning checklist goes on to establish policies that need to be started when an emergency occurs. Items include what to do about employee absences during a pandemic, how to prevent the spread of disease, and when to restrict travel.

Also listed are resources that must be allocated to prepare for emergencies and communication and training for employees on how to deal with the emergency if it happens. Following the checklist, the bank identifies community resources and collaborates with external organizations such as insurers, health organizations, and chambers of commerce.

Since technology is so vital to bank operations, solutions for IT disruptions are also addressed. Business continuity software can help with this planning process from start to finish.

Topics: Ncontinuity, Product Insight, Risk & Compliance, Business Continuity