Business Continuity Scoping Report
Many businesses struggle to address business continuity for the simple reason that they don’t know where to begin and how to structure the process. Critically, they don’t establish their tolerance for disruption which is key to business continuity planning.
The objective of the scoping meeting and subsequent report is to enable the business to understand:
- Its tolerance for disruption.
- How to structure its BCP.
- Its business continuity objectives.
- Next steps and a structured plan to develop business continuity.
The scoping meeting will cover the following:
- The business’ activities.
- Ownership, history and future plans.
- Dynamics of the business’ market place(s), competitors, business cycle.
- How it generates its income(s) and profit by delivering its products and/or services.
- Stakeholders’, regulatory, supply chain and any other parties’ business continuity requirements of the business.
Tolerance for disruption
- Impacts of failing to deliver products/services, both financially and reputationally.
- Time-frames that these impacts would be experienced in.
- Periods of disruption (i.e. not delivering its products and/or services) the business can withstand.
Review of Business Process
- Site tour.
- Business functions.
- What assets/resources are required to deliver the products and/or services by the business functions.
- Supply chain.
- Existing business continuity and resilience arrangements.
Developing the BC Process
- The Business Continuity Objectives.
- Scope of the BCP.
- Appropriate Continuity Strategies.
- Next steps.
Who should attend?
Each operational area of the Business should be represented at the meeting and in the Business Continuity Team to ensure the fullest appreciation of the Business’ exposures and the impacts of these.
If further support for the process is required this can be provided as and when required both onsite and remotely.
“This process we went through with BCarm was a real eye-opener and has enabled us to put in place numerous measures to protect critical functions for the ongoing performance of the business”
Finance Director, Adey International