Issue link: https://iconnect007.uberflip.com/i/1372612
40 PCB007 MAGAZINE I MAY 2021 business operations have resumed normal op- eration. e recovery plan should outline the inten- tions of supporting a recovery of the worst- case scenario. You can modify it according to the degree of loss to your business. Your recovery process should include: • Developing strategies to recover your business activities in the quickest possible time • Identifying resources required to recover your operations • Documenting your previously identified RTOs • Listing the person(s) who have responsibility for each task and the expected completion date Rehearse, Maintain, and Review Now that you have decided on the steps to prevent, prepare, respond, and recover, you can look to rehearse, maintain, and review your planning to make sure it stays up to date with your current business goals and objec- tives. One option is to take a business self-assess- ment survey, which examines your current vul- nerability to a sudden revenue shock. Business continuity planning can be a daunt- ing undertaking with all the different touch points to think about in your business. Howev- er, doing it well and doing it quickly could de- termine whether your business can survive the current COVID-19 crisis. At TXM, we have de- veloped some tools and resources to help you with business continuity management. PCB007 Tim McLean is an author, consultant, and owner of TXM Lean Solutions in Melbourne, Australia. Reach Tim by email at: tim.mclean@txm.com. Figure 2: Just like an aircraft, your BCP must be reviewed, maintained, and rehearsed regularly.