When it comes to large-scale events, many tend to think if they have a business continuity plan, they’re golden and adequately prepared for a pandemic. However, if recent experience has shown us anything, it’s that business continuity planning business continuity (BCP), disaster recovery planning (DRP) and pandemic planning (PP) while similar, are not interchangeable.
Disaster recovery and pandemic planning are both separate, vital plans which should be included within a vendor’s overall business continuity management. Why? Let’s look at how disaster and pandemic events differ to better illustrate the reason both are crucial to your organization’s third-party risk management.
Disaster recovery plans cover business-impacting events that are usually considered a disaster such as natural storms, fires and large-scale accidents including gas leaks or chemical explosions. The disaster recovery focus includes assigning disaster recovery personnel and salvaging operations as much as possible. Typically, these events are short-lived and can be manageable.
With disaster recovery, the focus is on:
Unlike disasters, the duration of a pandemic is difficult to estimate, and it can come in waves. It may last days, weeks, months or even longer. Pandemics are unpredictable in that sense as they’re usually health crisis or a viral outbreak such as the 1918 influenza outbreak and, most recently, the COVID-19 outbreak spreading globally.
Pandemic planning is part of your overall business continuity planning. It’s one element within BCP or BCM – business continuity management, which is essentially the umbrella for business continuity, disaster recovery and, therefore, pandemic planning.
Pandemic planning focuses on:
In this recent crisis, we’ve seen many disruptions in supply chain management and also businesses grappling with the reality of many employees working from home while also having to allow for the realities of their children being out of school, normal flow of business shutdown, etc. It’s been a learning moment for all.
It’s important to create blueprints for both kinds of events, which require very different types of responses. Here are our recommendations:
Done right, a good vendor management program creates a real strategic advantage as you’re able to ensure you have proactively addressed any potential concerns – from preventing data breaches, avoiding reputational risk issues, and ensuring both your organization as well as your vendors have a solid business continuity management plan, including both disaster recovery and pandemic planning.
Are you prepared for the aftermath of the pandemic? Download this infographic to help.