November 5, 2020, 8:30 a.m. to 6 p.m. EDT | November 6, 2020 – February 7, 2021, On-Demand | Online Conference
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This is a very interesting, well done and FREE Business Continuity training https://marketplace.pmi.org/Pages/ProductD...uct=00101623100
Business Continuity is not a matter of project. Is a matter of company wide architecture. Project/Programs/Portfolios will run inside the umbrella of Business Continuity and all you stated. I am writting this because if organizations do not think Business Continuity in company wide scope they will fail.
Business Continuity is resilience of organizations in the light of disruptions. Think this applies to organizations, their units and also for projects.
A company may go bust (and many will), but some of its units and projects probably survive. The risks of organizations lies more in liquidity, revenue, profits, while for many projects these are not as such important. Projects may suffer from funding dryout, but also have means to ensure create new sources. Main risks for projects now are people, government restrictions, supply chains.
In Germany, most construction projects continue and even speed up. Projects shield themselves from people problems by splitting staff on isolated shifts and making extra efforts to hire people.
Resilience is build by having attributes like modularity, redundancy, adaptability, prudence, diversity and being aware / interacting with the environment. This can be achieved on every level.
What I meant is that ultimately the outcome of BCP is to ensure that if an untoward event does happen the organization will readjust to continue pursuing business targets.
Executive management will need to decide to support allocation of resources to the projects that are decided to be kept alive.
In my experience projects that have better addressed threats and have a solid project risk management plan are less likely to be put on hold in case of business continuity execution.
Business Continuity enables organizational resilience. If you need any help in Business Continuity, please do not hesitate to reach out, it is my area of expertise. My company also offers global certification training in Business Continuity (CBCI). Find me on LinkedIn, FaceBook (public page) or below, I will be happy to assist:
Malcolm Reid, FBCI, CPP, CBCP, CFE
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