What is a Business Continuity Plan for Investment Firms?
A business continuity plan (BCP) helps investment firms and asset management companies prepare for and respond to disruptive events or emergencies. It ensures the continuity of investment portfolios, fund management, and client communications during disruptions. The plan should identify potential risks and threats, create response and recovery procedures, and develop a plan for testing and maintenance. It should also provide guidance for all stakeholders on how to respond in an emergency.
What's included in this Business Continuity Plan for Investment Firms template?
- 3 focus areas
- 6 objectives
- 6 projects
- 6 KPIs
Each focus area has its own objectives, projects, and KPIs to ensure that the strategy is comprehensive and effective.
Who is the Business Continuity Plan for Investment Firms template for?
This template is designed for investment firms and asset management companies who want to create a comprehensive business continuity plan. It outlines the key steps and components necessary for developing a plan that is tailored to their needs and helps them to protect their investments and clients’ interests.
1. Define clear examples of your focus areas
Focus areas are the topics or areas of your business that need to be addressed in a business continuity plan. Examples of focus areas could include increasing resilience, improving team performance, or strengthening data security.
2. Think about the objectives that could fall under that focus area
Objectives are the goals or desired outcomes of each focus area. They should be specific and measurable, and should be in line with the company’s overall mission and vision. For example, under the focus area of increasing resilience, objectives could include developing a disaster recovery plan and establishing business continuity procedures.
3. Set measurable targets (KPIs) to tackle the objective
Key Performance Indicators (KPIs) are measurable goals that can be used to track progress toward objectives. For example, the KPI for the objective of developing a disaster recovery plan could be “create a business continuity plan within 6 months”. KPIs should be specific, measurable, and achievable.
4. Implement related projects to achieve the KPIs
Projects, also known as actions, are the steps taken to achieve the KPI. Projects should be specific, measurable, and achievable, and should be tied to the objectives and focus areas of the business continuity plan. For example, to achieve the KPI of “create a business continuity plan within 6 months”, the related project could be “Create a BCP taskforce”.
5. Utilize Cascade Strategy Execution Platform to see faster results from your strategy
Cascade Strategy Execution Platform is the perfect tool for managing business continuity plans. It enables you to create, measure, and track objectives, KPIs, and projects, and provides real-time visibility into progress. This makes it easy to identify areas for improvement, so you can quickly and efficiently achieve your business continuity goals.