Long-term resilience to defend against operational interruptions
Resilience and Business Continuity
In a world marked by disruptive events, preparation is key to preventing a crisis from disrupting your organization's reporting or operations.
The context in which organizations operate today is quite complex, due to their dependence on external services, constant media exposure, real-time scrutiny from their consumers, and the regulatory environment of the sector in which they operate.
A variety of global threats of different natures are increasing, such as climate change, cyberattacks, and terrorism. Therefore, planning global business strategies and operations must consider these disruption risks, making early responses to a crisis essential. During a crisis, response time is even more precious, as organizations must build more resilient operations in advance to respond to upcoming challenges.
PwC's business continuity planning solutions help identify, prevent, and prepare for events that could disrupt organizations' strategic activities. Working with this knowledge, you can develop the necessary plans to recover efficiently and effectively. This program may include various activities such as update assessment, implementation, testing, maintenance and training.
Understanding today’s drivers is the first step when planning a business continuity program
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Recent industry interruptions
Cyber events and natural disasters have sparked the need to develop more robust recovery plans.
Third-party resiliency
Regulatory guidance now requires transparency into critical third-party resiliency. Third parties may include call centers, IT providers and back office services.
Being a resilient supplier/partner
Regulators and partners are seeking insight into resiliency plans to assure fund availability and portfolio integrity as well as their relative priority during crisis events.
Focus on enterprise-wide governance, risk management and compliance (GRC)
Organizations are increasingly focused on integrated risk and compliance management to reduce compliance cost and provide better risk insight.
Reduced tolerance for downtime
Customers demand 24/7 access to products and services. The new technology has high availability requirements to provide competitive and customized service offerings. Regulators' tolerance for critical system downtime is also diminishing.
Crisis management and social media
Quick identification and internal/external response to crisis events can protect and increase brand value.
Developing operational resilience and business continuity
PwC’s business continuity planning solutions will help you develop operational resilience and business continuity that is scalable and that enables your company to prioritize investments.
Some of our solutions include:
- BCP program assessment and design
- Business impact analysis and interruption risk assessment
- Recovery strategy selection and implementation
- Recovery plan creation and resiliency improvement
- BCP program exercising, maintenance and training
- BCP program technology enablement and enterprise risk management integration
- Third-party resiliency framework and analysis
- Crisis management program development and exercises
- IT disaster recovery and BCP program alignment and analysis
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