Private sector entities are uniquely affected by catastrophic events. With various resources and stakeholders, private organizations have a responsibility to be prepared. The following are a few examples of the benefits of adopting a preparedness plan like PS-Prep™.
- Develop a Plan of Action for handling disruptions that is shared with employees and practiced through exercises.
- Increase Reliability by proving your organization's ability to mitigate all-hazard conditions.
- Minimize Impact to Essential Operations increasing an entity's opportunity to continue to operate.
- Protect Market Share and Minimize Financial Losses by proactively planning and accounting for recovery resources before they are needed.
- Protect Data and Information to ensure decisions can continue to be made to facilitate organization recovery.
- Gain Industry Recognition by promoting preparedness with suppliers and clients alike.
- The 9/11 Commission Report identified the private sector as having significant risks in being able to respond to and recover from disruption.
- Private sector leaders should consider the impact of disruptions and possible consequences for employees, families and neighborhoods/communities.
- Being unprepared in the event of a crisis can lead to significant revenue loss and unanticipated costs.
- Interrupted operations could impact organizational relationships and tarnish reputation.
- An organization can experience a significant competitive disadvantage if they have not made plans to mitigate loss and down-time during a hazardous event.
- Survivors of disasters typically wait up to 72 hours for help to arrive. This makes it even more imperative that entities prepare to be self-sufficient for the first 72 hours.
Why Prepare to a Standard?
- PS-Prep™ uses a standards-based approach to business continuity and recovery that will allow organizations to unify their preparedness activities under standards.
- Preparing to a standard:
- Provides a management system that includes policies, processes, procedures, performance measures and quality improvement practices
- Allows for uniform and consistent planning
- Improves business continuity within departments and throughout the organization
- Instills confidence in your organization among customers and stakeholders
- Third-party certification may not be the answer for all businesses but those organizations that find it brings market value may choose to certify to one of the three standards.
- Certification makes an organization proactive in safeguarding its operations against unforeseen hazards.
- Certification minimizes an organization's operation risks.
- Certification identifies inefficiencies and essential operational tipping points.
- Certification leverages marketing opportunities for differentiation.
- Certification illustrates good corporate citizenship.
- Certification places the organization among a prestigious business community.