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What is Business Continuity Planning?

A proactive planning process to ensure that critical services or products are delivered during a disruption. Critical services or products delivered to: 

  • Ensure survival
  • Avoid causing injury
  • Meet legal or other obligations of a business.

To permit an organization to recover its facility, data and assets, a Business Continuity Plan (BCP) includes the following:

  • Plans
  • Measures
  • Arrangements
  • Identification of necessary resources (including personnel, information, equipment, financial allocations, legal counsel, infrastructure protection and accommodations)

Benefits of a Business Continuity Plan
While some companies have developed contingency plans, most have not. This lack of preparedness not only threatens the viability of sectors in Canada, but, as in the case of manufacturing, also jeopardizes the delivery of critical goods that depend on complex supply chain systems.

Creating and maintaining a BCP helps ensure that your business has the resources and information needed to deal with an emergency. Other benefits include:

  • Enhance your business image with employees, shareholders and customers by demonstrating a proactive attitude.
  • Improve efficiency in the overall organization.
  • Identify the relationship of assets both human and financial resources with respect to critical services and deliverables.

Key Steps of Business Continuity Planning

Establish an emergency preparedness team
Identify essential services/functions
Identify required skill sets and staff reallocation
Identify potential issues
Prepare a plan for each essential service/function
Compare with the "Preparedness Checklist"
Review with the corporate steering committee
Revise, test the plan and update as required


BDC business continuity guide - 8 steps

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1 877 BDC-BANX
(232-2269)

Visit your local BDC branch.

Useful links
Public Health Agency of Canada

World Health Organization

Canadian Manufactures and Exports

BMO Nesbitt Burns

Download
Complete Pandemic guide
BDC Pandemic downloadable pdf guide


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