BCM Process Requirements and Strategy

The first stage of creating requirements will be to develop a Business Impact Analysis. This will entail the full analysis of the business and the identification of critical business processes. To be effective this requires the cooperation and attention of business management. Their responses will need to be methodically analysed and documented. Our practitioners have guided many people through this process. Attention will need to given to any critical outsourced business processes.

Having identified the critical business areas you will then need to analyse the potential risks to those business areas. The risks may be obvious, such as Fire, Computer failure, Bomb, Key personnel loss or they may be indirect such as a failure of a third pary supplier or client. For each of those risks there will need to be an assessment of the probability of failure and potential outcomes. Some business units will already have some measures in place, those will need to be documented and assessed.

The next stage is to create an initial strategy. This will be a highly iterative process, requiring careful and methodical follow-up of the potential impact of the proposals. In the creation of the strategy an essential part will be the formation of a budget to fund those activities and contingencies. Some funding will be upfront and some may be insurance based. Throughout this process there will need to be substantial discussion and presentation with business management, 3rd party suppliers and insurers. Oaksys Tech Ltd has the experience and tools to coordinate such matters.