COVID19 - Business Continuity Plan (BCP) & Disaster Recovery Plan (DRP)
  • COVID19 - Business Continuity Plan (BCP) & Disaster Recovery Plan (DRP)
  • COVID19 - Business Continuity Plan (BCP) & Disaster Recovery Plan (DRP)
  • COVID19 - Business Continuity Plan (BCP) & Disaster Recovery Plan (DRP)
  • COVID19 - Business Continuity Plan (BCP) & Disaster Recovery Plan (DRP)
  • COVID19 - Business Continuity Plan (BCP) & Disaster Recovery Plan (DRP)
  • COVID19 - Business Continuity Plan (BCP) & Disaster Recovery Plan (DRP)
Originally published: 02/06/2020 15:48
Publication number: ELQ-58545-1
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COVID19 - Business Continuity Plan (BCP) & Disaster Recovery Plan (DRP)

Presentation on Role of Internal Audit in re-engineering of business Post COVID19

Description
Business Continuity Management - would enable Companies to reduce the effect of disruption, resume operations and prevent lay-offs of employees. Today Business Continuity Plan (BCP) and Disaster Recovery Plan (DRP) are the most discussed and debated topic of prevalence at various forums.

Industry experts and professionals foresee that it would take more than 6 months for any organisation to stabilize its function in accordance with the "new normal". Challenges to resume operations post lifting of lock down would require adequate guidance and support from all stakeholders including Business Partners, Regulators and Government.

This presentation is prepared considering Business Continuity Plan and Disaster Recovery Management.
The presentation consists of following:
- Preparedness of organization in terms of BCP and DR
- Difference in terms of BCP and DR, key components of BCP and DR
- Phases of Disaster Recovery, challenges for implementation of DRP
- Implications of not having stringent BCP and DR in place
- Regulatory and Legal aspect in Business Continuity and Disaster Recovery
- Training and Awareness regarding Business Continuity and Disaster Recovery

In addition to the same, this presentation also consists of ISO - 22301 which pertains to Business Continuity Management. As an international standard for Business Continuity Management System, the ISO 22301 is designed to protect, reduce the likelihood of occurrence, prepare for, respond to, and recover from disruptive incidents when they arise. With a Business Continuity Management System, Organisation is prepared to detect, prevent threats and resume operations after disruption. Being certified ISO 22301 always gives Organisation the reputation of providing high quality and standard level of services to stakeholders. ISO 22301 acknowledges the ability to secure data backups, minimise losses and maximise the chance of recovering critical functions. It help Organisation reduce risks, increase resilience and deliver real benefits.

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Further information

Earlier prior to COVID19, many organizations were not considering Business Continuity Plan and Disaster Recovery Management as one of the core area / function of organization for smooth flow of operations. However, post COVID19 pandemic, situation has changed across globe. Utmost importance has been placed over Business Continuity Plan, Disaster Recovery Management, Crisis Management etc. This presentation is an effort to address concerns and some effective measures that can be adopted along with focus areas considering WORK FROM HOME culture.

The objectives of downloadable tool are as below:

1. Impact of Covid19 across industry as per experts opinion on importance of Business Continuity Plan and Disaster Recovery Management

2. Easy measures for implementation of Business Continuity Plan and Disaster Recovery Management

3. Training and Awareness sessions for Business Continuity Plan and Disaster Recovery Management

4. Focus Areas / Critical elements in Business Continuity Plan and Disaster Recovery Management

5. ISO 22301

This document is utmost useful for following:
- Consulting Firms
- MNCs
- Corporate Entities
- Sr. Management of organization
- Board of Directors of organization

Consulting Firms who are into the practice of Governance, Risk, Compliance and Technology (Internal Audit). These documents may be considered most effective documents for pitching to clients and changing their perspective for Internal Audit and GRC and Technology services. This will also enable for consideration of elements towards Business Continuity Plan and Disaster Recovery Management.

In addition to Consulting Firms, these documents are also essential for Corporates, MNCs and other organizations to understand changing dynamics in the role of Internal Audit function in consideration of Business Continuity Plan and Disaster Recovery management as an audit area element. It will enable to understand easy steps towards implementation of Business Continuity Plan and Disaster Recovery Management plan for hassle free operations during tough situations such as COVID19 pandemic.

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