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Opinion
Business Continuity Planning – Not Just for IT Anymore
9/27/2006
All of this will take money, which almost no institution has on hand. No one’s sure where the money will come from. We’re all getting more interested, of course, as we learn of crises everywhere: chancellors committing suicide, sports team sex parties, hurricanes, earthquakes, terrorist attacks, bird flu, etc.
Will the federal government straighten out its priorities and lend some financial support? More likely, once they pay attention, boards and presidents will learn that institutions which face a crisis and have in place a Crisis Management Plan that is well-executed, will be able to translate into significant dollars what was saved by spending the money that paid for those planning processes.
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