Other reasons to implement Business Continuity planning

What are the reasons that you develop business continuity plans for your company?

Sure there are the usual reasons; if a disaster strikes we will be able to continue operations. We need it to get government contracts. It differentiates us from our competition. It is good business sense to plan for the unexpected.

How about gaining a better understanding of your business? How about helping to make strategic business decisions?

According to a survey conducted by Marsh, an insurance and risk company in the UK, many businesses are now looking at business continuity planning as something more than just a compliance or insurance issue. They are looking at this planning as a good practice to manage their overall operational risk.

These companies can use this planning to spot risky interdependencies, better allocate resources to key processes and activities and improve risk management in their companies.