A Step towards Resilience, Creating a Business Continuity Plan for WhiteRock Finland KY
Akinbola, Deborah (2018)
Laurea-ammattikorkeakoulu
2018
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Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-201803283927
https://urn.fi/URN:NBN:fi:amk-201803283927
Tiivistelmä
The goal of this thesis and development project is to explore Business Continuity Management and create a Business Continuity Plan as it is the primary objective of the thesis. Also Identifying the possible impacts directed to the company because of a disruption.
Interning at Whiterock Finland KY, was an opportunity to be part of the risk analysis team for the tour and travel business newly established by the company, and this gave an understanding the many risks involved in a tour and travel business from small disruption to critical issues. The need for Business Continuity Plan (BCP) in White Rock KY became necessary. The primary motivators for developing a BCP are to keep the business running, reduce liability, and lower the impact of any market disruption.
Authors have tried to answer the question of what elements makes up the formal BCM system. Ian Storkey gave a six steps framework while Gilbert and Gips saw a BCM system as consisting of four major elements: risk identification, risk assessment, risk ranking risk and management. Business continuity institute(BCI) framework and ISO, all frames that would be discussed in this thesis. These prove the point that there are various ways to divide the different steps in making a Business Continuity Plan. Regardless of which framework a company chooses to work with, it needs to be modified to suit the company’s requirements.
Qualitative research methods such as workshop and interviews were used during this thesis and development project which help in the creation of the BCP. Brief orientation was given to the top executive officer after completion of the BCP and as part of the process, the BCP should be updated regularly. Also, an unbiased assessment of the revised BCP and test software should be performed to make sure that both are comprehensive and updated primarily based on the organisation's risk profile and test results.
Keywords:
Interning at Whiterock Finland KY, was an opportunity to be part of the risk analysis team for the tour and travel business newly established by the company, and this gave an understanding the many risks involved in a tour and travel business from small disruption to critical issues. The need for Business Continuity Plan (BCP) in White Rock KY became necessary. The primary motivators for developing a BCP are to keep the business running, reduce liability, and lower the impact of any market disruption.
Authors have tried to answer the question of what elements makes up the formal BCM system. Ian Storkey gave a six steps framework while Gilbert and Gips saw a BCM system as consisting of four major elements: risk identification, risk assessment, risk ranking risk and management. Business continuity institute(BCI) framework and ISO, all frames that would be discussed in this thesis. These prove the point that there are various ways to divide the different steps in making a Business Continuity Plan. Regardless of which framework a company chooses to work with, it needs to be modified to suit the company’s requirements.
Qualitative research methods such as workshop and interviews were used during this thesis and development project which help in the creation of the BCP. Brief orientation was given to the top executive officer after completion of the BCP and as part of the process, the BCP should be updated regularly. Also, an unbiased assessment of the revised BCP and test software should be performed to make sure that both are comprehensive and updated primarily based on the organisation's risk profile and test results.
Keywords: