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Business Continuity Planning

The decision to develop a business continuity plan is a matter of choice for some organisations and a regulatory or contractual requirement for others. Whether it is optional or not, in the event of a major incident, a robust plan can make the difference between recovery and collapse. 

If crucial resources are inaccessible, there is an immediate impact on operations which may affect staff, customers, reputation and, of course, the bottom line. You can counter disruptive incidents by having well-planned contingency arrangements in place.

Business continuity plans also have benefits for your staff, customers, suppliers and other stakeholders. Lenders and insurers want to protect their exposure and your customers will want to ensure continuity of supply. Directors have a statutory obligation to consider the interests of stakeholders and regulated firms increasingly find that contingency planning for emergencies is an essential requirement. 

If you are unsure whether or when to start developing your own plan, keep these points in mind: 

  • Demonstrating resilience gives confidence to staff, customers and suppliers.
  • It is better to commission a plan in your own timeframe than wait for someone else to set the deadline.
  • The survival rate of organisations that do not plan for catastrophic events is estimated to be no better than 20%.
  • Few firms that suffer a catastrophic IT failure survive beyond 1 year.

Interested - want to know more?

For further information or a demonstration please contact Chris Ball or Paul Vaughan.

Below is a link to a short presentation, as an introduction to the service and its benefits.

Click here to find out more about ActionPro, our online planning toolkit to help managers identify business risks, examine management practices, benchmark results and generate action plans.

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Perkins Slade is authorised and regulated by the Financial Services Authority No. 302886.

Perkins Slade Limited is registered at Companies House in England and Wales under Company Number 969374.

Registered Office: 3 Broadway, Broad Street, Birmingham, UK, B15 1BQ.


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