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<h2><strong>Steps in Creating a business Continuity Plan</strong> </h2>
<p>
At a time like this when most businesses have been confronted with unexpected business disruptions, investment firms must react swiftly, methodically and successfully or else risk significant financial loss. This level of response will require extensive business continuity planning to ensure all aspects of a firm’s business are evaluated and protected.
There are a couple of steps that a company can take and to be able to do this effectively the secret is in understanding the impact the disacter situation has had and creating policies that will respond to this COVID 19 pandemic. 
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<h2><strong>Risk Assessment </strong></h2>
<ul>
<li>Evaluate of the company’s risks and exposures</li>
<li>Assess of the potential impact of various business disruption scenarios within the business
</li>
<li>Determine of the most likely threat scenarios</li>
<li>Assess of telecommunication recovery options and communication plans</li>
<li>Prioritize findings and development of a roadmap</li>
</ul>
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<h2><strong>Business Impact Analysis (BIA)</strong></h2>
<p>During this phase the company will now have to collect the following information which will prove to be very helpful in developing the BCP. </p>
<ul>
<li>Recovery assumptions, including Recovery Point Objectives (RPO) and Recovery Time Objectives (RTO)</li>
<li>Critical business processes and workflows as well as the supporting production applications</li>
<li>Interdependencies, both internal and external</li>
<li>Critical staff including backups, skill sets, primary and secondary contacts</li>
<li>Future endeavours that may impact recovery</li>
<li>Special circumstances</li>
</ul>
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<h2><strong>Strategy and Plan Development</strong></h2>
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Validate that the recovery times that you have stated in your plan are obtainable and meet the objectives that are stated in the BCP. They should easily be available and readily accessible to staff. 
During this development phase, it is very important to incorporate many perspectives from various staff and all departments to help map the overall company feel and organizational focus. Once the plan is developed, you can have an executive or management team review and sign off on the plan.

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