Ensuring Business Resilience: A Comprehensive Testing Strategy for Business Continuity Planning
Introduction In today’s fast-paced and increasingly interconnected world, businesses face a multitude of risks that can disrupt their operations and impact their bottom line. According to a report by the Business Continuity Institute, 70% of organizations experienced at least one disruption in the past year, with the average cost of a disruption being $100,000 (Business Continuity Institute, 2020). To mitigate these risks, businesses must have a robust business continuity planning (BCP) framework in place, which includes a comprehensive testing strategy. ...