Business Continuity is basically the ability of a business to continue the key activities of business without being impacted by external circumstances such as power outage. It is more about building resources to ensure that the key activities do not come to a halt.
Most of the business manage their operational risk because operational risk can impact the profitability of the firm to a great extent. Organizations take ample precaution to ensure that they get continues power supply as losing power supply in the middle of operations can be disastrous for business. For example, if you are running a data center, losing power may wipe off huge data and it may also stop the clients to accessing their records. In such a case it becomes important to plan your business continuity which can be impacted by a power outage. The most common solution to the problem is having standby and backup generators. Most of the organizations like hospitals have multiple generators to support the function. This helps them in providing uninterrupted power supply to medics so that the doctors can concentrate on saving a life.
It is known that the power outage can be caused by several factors like storms, earthquakes and even technical issues at the power station. In such a case, the power outage can last for days and even weeks. The problem is that the business cannot run without power for weeks and it is almost impossible to arrange an alternate power source in such a short duration of time. One of the best ways to deal with such a contingency is by going for preventive measures well in advance.
One of the best preventive measures is to set up a commercial generator. The generator comes in various specifications to suit the needs of the clients. Most of the generators are assembled at the site of installation because of the size of the equipment. These generators are powered by natural gas or other type of fossil fuel and the modern generators have the capability to turn themselves on as soon as the main power goes off. This saves a lot of productivity and operation time of the business. It is also important to have a continuity management team who can take care of such issues and prevent the reoccurrence of the same issue.
Another important factor here is to test the business continuity management system before fully relying on any such system. In the case of power outage management, it can be done by testing the generators at an equal interval of time. The generators should also be maintained properly as so to ensure that the generators do not fail during the need. Generators should be chosen after assessing and considering all the factors which may impact business continuity.
It is always better to have business continuity management plans. If in case, your organization doesn’t have such plan until now, then it is time to plan out things in order to mitigate the risk which can impact the business and its profitability.