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Product Update: Specimen Type Change and Shelf-Life Extension for Celltrion DiaTrust™ COVID-19 Ag Rapid Test On May 16, 2022, the specimen type for the intended use was changed to mid-turbinate nasal swabs only. The intended use excludes the claim for nasopharyngeal swabs to reduce the associated risks if the prescription use Celltrion DiaTrust™
COVID-19 Ag Rapid Test were distributed to patients, as they are an invasive specimen type and not suitable for patient use. What Is a Business Continuity Plan (BCP)?A business continuity plan (BCP) is a system of prevention and recovery from potential threats to a company. The plan ensures that personnel and assets are protected and are able to function quickly in the event of a disaster. Key Takeaways
Understanding Business Continuity Plans (BCPs)BCP involves defining any and all risks that can affect the company's operations, making it an important part of the organization's risk management strategy. Risks may include natural disasters—fire, flood, or weather-related events—and cyber-attacks. Once the risks are identified, the plan should also include:
BCPs are an important part of any business. Threats and disruptions mean a loss of revenue and higher costs, which leads to a drop in profitability. And businesses can't rely on insurance alone because it doesn't cover all the costs and the
customers who move to the competition. It is generally conceived in advance and involves input from key stakeholders and personnel. Business impact analysis, recovery, organization, and training are all steps corporations need to follow when creating a Business Continuity Plan. Benefits of a Business Continuity PlanBusinesses are prone to a host of disasters that vary in degree from minor to catastrophic. Business continuity planning is typically meant to help a company continue operating in the event of major disasters such as fires. BCPs are different from a disaster recovery plan, which focuses on the recovery of a company's IT system after a crisis. Consider a finance company based in a major city. It may put a BCP in place by taking steps including backing up its computer and client files offsite. If something were to happen to the company's corporate office, its satellite offices would still have access to important information. An important point to note is that BCP may not be as effective if a large portion of the population is affected, as in the case of a disease outbreak. Nonetheless, BCPs can improve risk management—preventing disruptions from spreading. They can also help mitigate downtime of networks or technology, saving the company money. How to Create a Business Continuity PlanThere are several steps many companies must follow to develop a solid BCP. They include:
Companies may also find it useful to come up with a checklist that includes key details such as emergency contact information, a list of resources the continuity team may need, where backup data and other required information are housed or stored, and other important personnel. Along with testing the continuity team, the company should also test the BCP itself. It should be tested several times to ensure it can be applied to many different risk scenarios. This will help identify any weaknesses in the plan which can then be identified and corrected. In order for a business continuity plan to be successful, all employees—even those who aren't on the continuity team—must be aware of the plan. Business Continuity Impact AnalysisAn important part of developing a BCP is a business continuity impact analysis. It identifies the effects of disruption of business functions and processes. It also uses the information to make decisions about recovery priorities and strategies. FEMA provides an operational and financial impact worksheet to help run a business continuity analysis. The worksheet should be completed by business function and process managers who are well acquainted with the business. These worksheets will summarize the following:
Completing the analysis can help companies identify and prioritize the processes that have the most impact on the business's financial and operational functions. The point at which they must be recovered is generally known as the “recovery time objective.” Business Continuity Plan vs. Disaster Recovery PlanBCPs and disaster recovery plans are similar in nature, the latter focuses on technology and information technology (IT) infrastructure. BCPs are more encompassing—focusing on the entire organization, such as customer service and supply chain. BCPs focus on reducing overall costs or losses, while disaster recovery plans look only at technology downtimes and related costs. Disaster recovery plans tend to involve only IT personnel—which create and manage the policy. However, BCPs tend to have more personnel trained on the potential processes. Frequently Asked QuestionsWhy Is Business Continuity Plan (BCP) Important?Businesses are prone to a host of disasters that vary in degree from minor to catastrophic and business continuity plans (BCPs) are an important part of any business. BCP is typically meant to help a company continue operating in the event of threats and disruptions. This could result in a loss of revenue and higher costs, which leads to a drop in profitability. And businesses can't rely on insurance alone because it doesn't cover all the costs and the customers who move to the competition. What Should a Business Continuity Plan (BCP) Include?Business continuity plans involve identifying any and all risks that can affect the company's operations. The plan should also determine how those risks will affect operations and implement safeguards and procedures to mitigate the risks. There should also be testing procedures to ensure these safeguards and procedures work. Finally, there should be a review process to make sure that the plan is up to date. What Is Business Continuity Impact Analysis?An important part of developing a BCP is a business continuity impact analysis which identifies the effects of disruption of business functions and processes. It also uses the information to make decisions about recovery priorities and strategies. FEMA provides an operational and financial impact worksheet to help run a business continuity analysis. These worksheets summarize the impacts—both financial and operational—that stem from the loss of individual business functions and processes. They also identify when the loss of a function or process would result in the identified business impacts. The Bottom LineBusiness continuity plans (BCPs) are created to help speed up the recovery of an organization filling a threat or disaster. The plan puts in place mechanisms and functions to allow personnel and assets to minimize company downtime. BCPs cover all organizational risks should a disaster happen, such as flood or fire. Which statement declares the business of the Organisation and its intended areas of operations?A mission statement is a short statement of why an organization exists, what its overall goal is, the goal of its operations: what kind of product or service it provides, its primary customers or market, and its geographical region of operation.
Which type of planning is the primary tool in determining the long term direction?Strategic planning lays out the long-term, broad goals that a business or individual wants to achieve.
Which type of document is a more detailed statement of what must be done to comply with a policy?25 Cards in this Set. What is another name for a cio Quizlet?The CISO is another name for a CIO, as both roles preform the same tasks.
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