What is a Business Continuity Plan for Real Estate?
A Business Continuity Plan for Real Estate (BCP) is a comprehensive plan outlining the steps and strategies to ensure the continuity of all real estate transactions, property management, and client services during unexpected events or disruptions. It assists real estate companies, brokers, and developers build a plan to handle any unexpected event or disruption, from power outages to pandemics. The plan should include a detailed risk assessment, contingency plans, and step-by-step instructions for handling any potential disruption.
What's included in this Business Continuity Plan for Real Estate 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 Real Estate template for?
This Business Continuity Plan for Real Estate template is for real estate companies, brokers, and developers looking for an easy-to-follow guide to creating their own business continuity plan. The template is designed to ensure that real estate transactions, property management, and client services are handled quickly and efficiently, even during unexpected disruptions.
1. Define clear examples of your focus areas
Focus areas are the broad topics of your business continuity plan, such as Real Estate Transactions, Property Management, and Client Services. By defining clear focus areas, it will be easier to determine what objectives need to be met and how to measure progress.
2. Think about the objectives that could fall under that focus area
Objectives are the specific goals that need to be met under each focus area. They should be specific and measurable, such as 'ensuring continuity of real estate transactions' or 'streamlining plan sharing'. Objectives should be aligned with the overall goal of the business continuity plan.
3. Set measurable targets (KPIs) to tackle the objective
KPIs, or key performance indicators, are measurable targets that are used to measure progress towards objectives. Examples of KPIs could include increasing remote access rate or decreasing tenant response time.
4. Implement related projects to achieve the KPIs
Projects are the actions that need to be completed in order to achieve the KPIs. Examples of projects could include establishing remote work capabilities or implementing automated tenant communications.
5. Utilize Cascade Strategy Execution Platform to see faster results from your strategy
Cascade Strategy Execution Platform is a comprehensive solution that helps businesses execute their strategy faster and more effectively. With Cascade, you can easily track progress towards objectives, monitor KPIs, and automate project execution, ensuring that you achieve your business continuity goals.