Gary Lynch, global leader of the Supply Chain Risk Management Practice, discusses the business benefits of a well-constructed business continuity plan in this bylined article.
Do organizations need to prepare for every possible scenario and incorporate a greater and more diverse set of potential outcomes?... On the contrary, complex planning increases risk and reduces the likelihood that the continuity plans will be of value. Complex planning must consider an infinite number of variables (“what ifs”) and assume that everyone involved has the same degree of comprehension and interpretation of these variables. Of course, all this is happening at a time of chaotic uncertainty. So if complexity is not the answer, how does one improve the continuity planning process and achieve the maximum benefit?
-- Gary Lynch
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