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Your Business Continuity Plan (BCP) provides detailed steps to mitigate and
recover from the loss of office space, communications, services, or key people.
The BCP supports the continuation of essential business operations in the event
of a catastrophic event, natural or man-made.
Some of the major reasons to develop a BCP include:
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Executing our fiduciary duty to our clients.
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Decreasing potential exposures.
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Ensuring organizational stability.
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Minimizing potential economic loss.
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Minimizing insurance premiums.
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Reducing legal liability.
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Protecting company assets.
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Minimizing erroneous decision making during a situation.
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Providing an orderly recovery from a disaster.
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Ensuring regulatory compliance.
The overarching philosophy in preparing a BCP is the question:
“What can I do now to better prepare our business to respond if our office is
unavailable?” Why our office is unavailable is not the issue. Consider that our
office and all of the resources that we normally have available for day-to-day
operations are no longer available. Now what would we do?
The BCP template provided by ProTracker Software will
significantly accelerate your firm's development of a BCP. The template is very
practical and requires only your company-specific information to be entered. If
you follow the styles when you modify the BCP, the Table of Contents will
automatically update with only two keystrokes.
"During our
April 2002 examination, the SEC was really impressed that our firm was so
well-prepared for a disaster. Thank goodness for ProTracker Software's BCP
template." Harv Ames, Ames Planning Associates, Peterborough,
NH.
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