Business continuity planning is a methodology used to develop and support a plan for maintaining continuous business operations before, during and after a disruptive event or disaster.
As a tertiary institution competing in an international environment, we maintain a high level of availability and support to our teaching and research programs. Business continuity planning supports these programs by examining the core business functions, identifying events that have the potential to impact upon them, and developing procedures to mitigate their impact.
To achieve this outcome the following steps are undertaken:
- Conduct a risk and business impact analysis to enable the identification and prioritisation of core business functions. This also includes identification of critical timeframes and the necessary requirement for the business to operate.
- Creation of the business continuity plan to document the necessary response, recovery and resumption procedures.
- Conduct testing and exercising to establish the overall effectiveness of the plan and improve awareness within ECU.
- Maintain and update the plan to ensure information is current and identified gaps are addressed.
By failing to identify and address these concerns the potential impact upon our business from an event or interruption could include:
- reduced capability for teaching;
- potential loss of students;
- reduced capability or inability to conduct research;
- loss/damage to research material;
- loss of reputation;
- damage to relationships with stakeholders;
- loss in revenue to the University; or
- potential job loss.