A critical role that procurement practitioners serve is planning for contingencies when business operations are interrupted. Practitioners must understand how to determine risks and mitigate them through the creation of a business continuity plan.
Objectives
In order to successfully earn a digital badge, learners must:
- Explain the major steps to create a business continuity plan.
- Prioritize essential procurement functions.
- Identify the resources needed for each procurement function, activity, or task.
- Identify and evaluate risks to procurement operations.
- Identify any needs for policy or documentation changes.
- Create and compile back-up documentation.
- Plan communications strategies.
- Identify appropriate emergency contracts and internal entity agreements for specific events.
- Create a plan to execute the strategies such as prioritizing timelines, budgeting, resources, etc.
- Conduct formal emergency preparedness training.
- Test emergency preparedness policies and procedures.
- Determine lessons learned from a business interruption or simulation.