Assessing your risk
Once you have identified your business’s critical functions, you need to consider what risks your business may face. Check out our London Community Risk Register for information on what risks you may face in London.
There are some risks you may want to specifically plan and prepare for, for example fire and flooding. However for others it may be easier to consider risks in terms of the impact on your business, rather than the precise cause. For example:
- temporary or permanent loss of premises (eg due to fire, flood, being inside a police cordon)
- loss of utilities (eg due to utilities failure, terrorist attack, flooding)
- loss of IT systems (eg due to electronic attack, utilities failure)
- loss of staff (eg due to pandemic flu, heavy snow preventing staff getting to work).
Considering the impact of these on your critical functions will help you identify what you need to plan for in your business continuity plan.
