All companies are exposed to a range of natural and man-made disasters. Experience has proven that companies which are unprepared for a disaster are less likely to survive one, regardless of the company’s fiscal condition or insurance coverage.
Identifying business interruption risk, quantifying the potential impact to your company, developing mitigation strategies, and preplanning for a disaster are the keys to survival. These tasks are generally referred to as Business Impact Analysis (BIA) and Business Continuity Planning (BCP).
In an age of lean manufacturing, outsourcing, and financial uncertainty, risk managers are faced with the daunting task of keeping abreast of their company’s Interdependent/Contingent Business Interruption Risk (IBI/CBI). But the need is greater than ever when you consider the following factors:
Why choose TÜV SÜD GRC as your BCP development partner? Our experts will use our knowledge of your company, industry, equipment, production bottlenecks, and exposures as the key components of the BCP process.