Dynamiq CEO Jarrod Wilson
For small businesses across Australia, slower economic growth, a weakening dollar, an increasing number of cyber-attacks and weather-related disruptions mean an ability to respond to an incident and quickly return to business-as-usual has become just as important as the product or service you offer.
Business continuity planning, for larger organisations, can often be complex to implement, manage and execute.
You’re usually dealing with more than one site, a range of suppliers and an even wider range of risks. Because of this, a consultant is often required to go through the business with a fine tooth comb to identify and address the risks and then properly test the plan with your team to close any loop holes.
For smaller organisations, crafting a business continuity plan is not nearly as complex. Yet a lack of time and resources often prevents businesses from completing one.
Dynamiq saw a real need to assist small businesses with their resilience planning, so we’ve launched a self-managed resilience framework which makes business continuity easy to understand and quick to implement.
Early feedback has been really positive, with a number of clients saying the process has encouraged the leadership team to seriously consider their appetite for financial risk. This has helped in setting a financial limit to operational disruption or, in other words, their tolerance for financial loss.
In addition, rather than trying to recover your whole business at the same time, our approach prioritises parts of the business that will support an effective recovery.
How it works
The first step is completion of a detailed online questionnaire through Dynamiq company, Qantian, which covers a range of technical and functional information specific to the small business.
Qantian uses the responses to compare the organisation against industry benchmarks and identify possible disruption scenarios to business functions, what needs to happen in a critical incident and how to get the business operating again. The system measures the impact of these potential disruptions to the business, and develops specific plans of
The small business will then receive their resilience pack which includes a Help Guide to navigate the documents, a Business Impact Analysis, a Business Continuity Plan and a Critical Incident Management Plan.
The Business Impact Analysis prioritises key business functions and sets time and cost limits for disruption and financial loss.
The Business Continuity Plan provides a framework for how the small business will continue to operate during and after a crisis. Within this document, workaround plans for each of the functions need to be completed by the business.
The Critical Incident Management Plan provides a main overview, critical incident management team directory, and guided incident procedures to assist you with pre-incident, during incident and post-incident procedures.
Upon completion of the resilience program, the small business will have the documentation and planning in place to keep operating after nearly any disaster.
For more information on how to self-manage your resilience program, contact us.