Outdated BCPs might result in loss of customer trust, huge revenue loss, and damage to brand and company reputation. This is why it is crucial for BCPs to remain up-to-date.
Regular BCP audits are essential to help evaluate emergency procedures and identify if there are vulnerabilities. They also help realign emergency procedures to the ISO 22301 standard, business goals, and industry practices. Up-to-date and efficient BCPs help businesses effectively manage any unexpected event, prevent extra costs, and continuously develop their overall processes and key functions. Using a business continuity plan checklist can aid business continuity managers and IT teams to ensure comprehensive BCP audit reports.