oboloo Glossary

Business Continuity Planning

oboloo Glossary

Business Continuity Planning

Business Continuity Planning (BCP): A strategic action plan that outlines procedures and processes for organizations to follow in order to prepare and respond effectively to potential disruptive events that could negatively impact operations and profitability. BCPs focus on ensuring essential tasks can be completed in the event of a disruption, keeping business objectives and goals within reach. The planning phase of BCPs should consider all potential risks while emphasizing the importance of communication and collaboration between internal departments and external stakeholders. Implementing effective business continuity planning can help to ensure an organization’s resilience and overall success.