Why would any organization choose during these critical times to implement a Business Continuity (BC) or Continuity of Operations (COOP) program?
In the economic landscape of today, it is no news to anyone that we see companies that have been in business for generations closing their doors. Organizations that remain are forced to have leaner operations, coordinate just-in-time inventory levels and manage the highest levels of employee productivity; all to drive sustainable profit margins and positive cash flows for the stakeholders.
Even government agencies, especially at the local and state levels, are struggling with dwindling revenues from their private sector constituencies, facing increases in unfunded mandates, higher costs, lower budgets and cut-backs in services and operations. Needless to say, all spending is highly scrutinized no matter the industry or sector, and discretionary spending items are omitted from budgets without even a second thought.
The best BCM tools will provide efficiency and ease-of-use for a lower total cost of ownership and decrease in the overall investment cost, while at the same time provide advanced features to optimize crisis response, minimized downtime, and improved operational productivity in order to increase the overall investment gain.
See What can your BCM Tool do for you? by Timothy J. McCormick for Disaster Recovery Journal.