- July 15, 2021
- Posted by: Stratford Team
- Category: Business
Business Continuity Planning (“BCP”) is the process of creating a system of prevention and recovery from potential interruptions and other threats to an organization. Among the key elements that make up a typical BCP are plans and procedures addressing emergency action to manage business functions and maintain operations.
As discussed in “Business Continuity Planning Part 2: Vulnerability Risk Assessment,” every aspect of a business responsible for revenue creation and overall profitability should be analyzed for specific vulnerabilities. Risk from business function vulnerabilities arising from life safety, financial and contractual, and business and real property, can be mitigated by a written Emergency Action Plan.
An Emergency Action Plan (“EAP”) establishes the procedures for reporting an emergency or other business interruption event, and also communicates the management of business functions appropriate to maintain critical…
