Why have business continuity?

At first this may seem to be an idiotic question. No company can afford to stop being in business so something should be done to ensure this doesn't happen. The question becomes: ‘What should be done and how do you pay for it?’

There are some events that every business will try to avoid or plan for. Typically continuity plans for these events are paid for by an expression of the risk of monetary loss and then an expression of a reasonable amount to mitigate this loss. If there is a high probability of an event happening every year and the cost of the event is 1 million pounds, then a budget of 50,000 pounds to mitigate or, better, avoid this sounds reasonable. This is risk mitigation, which ...

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