The benefits of Business Continuity to an organization grow as a recovery programs matures. It is important to acknowledge the benefits of a well-executed recovery program not only for support of the program but for benefits derived by the organization. Besides, it’s always a challenge to gain resource commitment to work on recovery initiatives, but the greater the benefit the greater the commitment. A few benefits of Business Continuity can be summarized as follows:

Recoverability

·         Increased flexibility in daily operations for handling both planned and unplanned downtime

·         Mitigate financial and operational exposures through diligent planning and practice

·         Meet recovery objectives

·         Provide management with peace of mind

Business Efficiency

·         Maximize coordination between IT and Business

·         Discover, document, and manage risks to your company

·         Document critical applications and processes

·         Reduce downtime and increase employee productivity

·         Resume business and employee activities more quickly and cost-effectively following a disaster or other unplanned interruption

·         Reduce CODB through implementing coordinated strategies

Corporate Survivability

·         Retain customers

·         Preserve revenue streams

·         Protect your corporate reputation (PR and brand reputation

·         Protect your employees – physically, emotionally

·         Protect your investors – financially “Secure the confidence of your investors with the assurance of your business viability

Preparedness

·         Effective Recovery Team training

·         Recovery Strategy Awareness

Compliance

·         Meet Service Level Agreements, Audit requirements, and other regulatory requirements.

·         Demonstrate proper due diligence

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