This section focuses on the overall benefits of preparedness to the private sector. It discusses why business should be prepared, why they should prepare to a standard, and why they should consider certifying to a standard.
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. (See Program Resources for information on the program 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.