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5.2. Business Continuity Planning to mitigate power blackout risks
A well organised and implemented business continuity plan (BCP) is vital for the survival of a company
in case of a power blackout, as well as to gain access to insurance solutions for such risks. The holistic structure
of BCP includes both a company’s internal factors, such as organisation, infrastructure and information and
decision-making channels, and external factors, such as technology, customers, suppliers, environment, nature
and social setting.
A successful BCP bases on a risk analysis which consists of
•
Risk Identification Analysis (RIA)
•
Risk evaluation
•
Risk mitigation/adaption
•
Risk Control
Once the risks have been identified and evaluated, it is advisable to draw up a list of measures. This will show
the energy company specific areas of weakness of any business interruption in a systematic way. Examples of
all four risk management steps are outlined in the following table:
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