Business Continuity Plan

What is Business Continuity Plan?

A Business Continuity Plan (BCP) documents how an organization maintains essential services during outages, disasters, or cyber events. It identifies critical processes, recovery objectives, key personnel, and resource requirements. In TPRM, BCP reviews assess whether vendors can withstand disruptions without impacting service delivery, regulatory commitments, or customer obligations.

FAQs

Why is BCP review important in vendor assessments?

It verifies that a vendor can continue services if impacted by outages or security incidents.

Does a BCP need testing?

Yes, regular exercises validate recovery capabilities and ensure team readiness.

What is the difference between BCP and disaster recovery?

BCP covers overall operations while disaster recovery focuses on restoring IT systems.