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Thursday, 22 November 2007 00:15

Probability Or Consequence

Written by  Barney F. Pelant, MBCP

Is it the probability or the consequence of an outcome that drives our actions? Often, when trying to introduce awareness of the need for a business continuity program we are confronted with such responses as:What is the probability of that ever happening? We have never had a disastrous event in our history! What makes you think we will have a disaster in the future? And so forth …Have you ever stopped to think about the legitimacy of these questions? Are they merely a test of our resolve and understanding of human logic, or are they something more? Let’s look at each of these views and their relationship to business continuity. Probability The probability of an outcome is a very important principle in our business continuity program (BCP). Our BCP comprises two agendas – protection and continuity. Protection consists of putting into place viable measures to defend us against known threats that exist in