Business continuity planning: A risk and responsibility shared by all
Mar 6th, 2019 | Posted In : News,Updates
When Toronto was hit with record-breaking rainfall in the summer of 2013, University of Toronto was not spared. Approximately 40 buildings on the downtown Toronto campus experienced significant flooding that resulted in $180,000 of damage.
“That flooding event helped focus us. We really do need to be more forward-looking and formalized in our business continuity planning,” said Scott Mabury, U of T’s vice-president of operations and real estate partnerships (OREP).
Business continuity is part of the emergency management cycle that connects the emergency response phase to the recovery phase. How do you resume operations in the event of an emergency? What are your division’s priorities when resources are limited? These questions – and more – are what a business continuity plan, or BCP, aims to answer.
Read more here.