RAR 6: Step 2: Identify Organization Assets

List Critical Organizational Assets

The rationale for understanding the nature of business is to allow Organization BCM Coordinators to focus on those organization assets that are essential for the organization to carry out its business.

It is imperative to assess the potential areas of high exposure to the organization. As one of the goals of BC planning is to protect key organizational assets before, during and after a disaster, a critical part of the BCM planning process is to identify the preparedness and preventive measures that are in place at any point in time.

The organization assets are:

• Facilities
• People
• Data
• Software
• Applications
• Equipment
  
  

• Business relationships
• Capital assets
• Intellectual properties
• Vital records

Impact on Loss of Assets

Loss, destruction or interruption to these critical organization assets will have a negative impact on the organization’s ability to carry out its mission and objectives. The identification of the key organization assets is a key component in any RAR exercise.

Reference

Goh, M. H. (2021). Analyzing & Reviewing the Risks for Business Continuity Planning. Business Continuity Management Planning Series (3rd ed.). Singapore: GMH Pte Ltd.

Extracted from "Chapter 5: Step 2: Identify Organization Assets"

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