What is a Business Recovery Plan?
A business recovery plan outlines the steps a business should take in order to respond to a disruption or crisis. It should include strategies and plans that allow a business to quickly recover and continue operations. It should also include contingency plans in case of a prolonged disruption or crisis.
What's included in this Business Recovery Plan 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 Recovery Plan template for?
This business recovery plan template is designed for business leaders and teams to create a plan to recover from a business disruption or crisis. It is intended to help business leaders and teams create an effective and efficient plan that covers all aspects of the business.
1. Define clear examples of your focus areas
Focus areas are the areas of the business that you want to prioritize. Examples of focus areas are improving financial security, enhancing customer service, strengthening digital security, or improving operational efficiency. It is important to recognize what areas of the business need attention and prioritize those areas in your plan.
2. Think about the objectives that could fall under that focus area
Objectives are the goals that you want to achieve in each focus area. These should be specific, measurable, and achievable. Objectives should be SMART: Specific, Measurable, Achievable, Relevant, and Time-bound.
Examples of some objectives for the focus area of Improve Financial Security could be: Reduce Financial Risk , and Increase Revenue .
3. Set measurable targets (KPIs) to tackle the objective
KPIs, or key performance indicators, are measurable values that help to track the progress of an objective. KPIs should be tracked regularly to ensure that the objectives are being met. Examples of KPIs include revenue targets, cost savings targets, customer satisfaction scores, and more.
4. Implement related projects to achieve the KPIs
Projects are the actions that you take in order to achieve the objectives and KPIs. Projects should be specific and measurable, and they should be linked to the objectives and KPIs in order to ensure that they are effective. Projects should also be designed to be completed within a set timeframe.
An example of a project related to Improve Financial Security could be: Increase Cash Reserves .
5. Utilize Cascade Strategy Execution Platform to see faster results from your strategy
The Cascade Strategy Execution Platform is an easy-to-use tool that helps business leaders and teams create, manage, and track strategic plans. It provides all the features necessary to create and manage a business recovery plan, including project management, goal tracking, KPI tracking, and more. The platform also provides real-time updates, allowing you to quickly and accurately track progress on your plan.