Business Continuity Planning (BCP) of NSE.IT is defined as the identification of critical business processes and resources to maintain an acceptable level of business, protecting those resources and preparing procedures to ensure the survival of the organization in times of business disruption.
Disaster is an event that causes grave disruption of business operations for an unacceptable period of time. In an age when the world is facing threats of terrorism, disasters due to natural causes and civil unrests, the BCP is no longer a luxury and cannot be viewed as a non-performing asset (NPA). A lot of lessons can be learnt from the tragedy of 11th September 2001 in the USA. Collapse of Poonam Chambers, the recent flooding in mumbai on 26th july and the fire that engulfed Express Towers are some of the recent glaring examples in India, which paralyzed the occupant business entities. The major earthquake that shook Gujarat in January 2001 and threats of terrorism in various parts of the country are adding to the gravity of the situation.
Not only disasters of such a high magnitude can wipe out a company, but other disaster such as fire, local power disruptions, communication failures and manual errors can also hit a business badly. After such a tragedy, if a business does not turn around quickly, it would be even more disastrous.
