A business continuity plan will create procedures for an organisation to follow in the occasion of a disaster such as fire, flood, or any other unforeseen event that halts business. Procedures in a business continuity plan include:

• Business process continuation strategies
• Minimisation of asset downtime
• Minimisation of staff/human resource downtime
• Acquisition of new premises for staff or manufacturing

It is recommended that an organisation dedicates  a percentage of their revenue/IT budget on their business continuity plan. This will ensure your organisation has minimal operation downtime after a fire, flood, or any other unforeseen event.

A business continuity plan is creating systems intended to prevent and minimise operational downtime and revenue loss before and after an emergency such as a fire, flood, or any other unforeseen event.

While a business continuity plan is not a legal requirement in Malaysia, the authorities encourage all capital market entities to adopt and implement a business continuity plan.

You should do a business continuity plan to prevent and minimise operational downtime and revenue loss before and after an emergency such as a fire, flood, or any other unforeseen event.