What is one of the main reasons to implement a business continuity plan (BCP)?

What is one of the main reasons to implement a business continuity plan (BCP)?

• React to disasters quickly
• Decrease liability
• Comply with regulations
• Keep a company up and running 

EXPLANATION

Companies today face an unprecedented number of exposures. The frequency and severity of weather-related events seem to be increasing and reliance on a complex network of technology and supply chains is expanding. Both trends leave businesses susceptible to a variety of existing and emerging risks. Managing these risks by developing a business continuity strategy is key to the survival of any organization.

• Identify the scope of the plan.
• Identify key business areas.
• Identify critical functions.
• Identify dependencies between various business areas and functions.
• Determine acceptable downtime for each critical function.
• Create a plan to maintain operations.