Benefits of Planning

Benefits of Planning 2017-06-26T10:03:33+00:00

Planning with Contingency, LLC provides many benefits.

Most importantly, creating a Business Continuity Plan (BCP) offers your organization a better chance of surviving a disaster, emergency, or other unanticipated event. In addition, the process of creating the BCP provides other more immediate benefits for your organization:

Competitive Advantage

Businesses prefer to work with organizations that have the ability to deliver services under difficult conditions. Having a BCP could give you a leg-up on your competition.

Risk Assessment

As you create your own BCP, you will uncover risks, threats, and vulnerabilities to your own organization. Once you identify those risks, you can make plans to mitigate them (rather than just planning for them) and possibly reduce your insurance premiums.

Operational Improvement

When you review your emergency processes, you may uncover inefficiencies and roadblocks in your day-to-day practices that you can then eliminate.

Knowledge Capture

Your business information is likely scattered among many departments and individuals. Creating a BCP allows your business to centralize and document its collective knowledge.

Improved Responses

Preparing for a major emergency can make your teams better able to handle smaller disruptions and could even prevent a minor incident from becoming a catastrophe.

Knowledge Sharing

Creating a BCP allows members of your company’s various departments to learn more about their colleagues’ processes. That cross-pollination could result in new ideas for improvements.

Regulatory Compliance

Increasing numbers of businesses are subject to regulations that require a BCP. Even if you’re not, your customers might require you have a BCP to meet their own regulatory requirements.

Reputation Protection

A BCP can protect you from negative publicity. Instead of just apologizing for the disruption, you can tell your customers and the public exactly what you are doing to recover.