II. BCP within an Operational Risk Management Framework
III. The Evolving Nature of Threats and Solutions for Cash and Debt Management
IV. A Practical Approach to Developing a Business Continuity Plan
Annex I. BCPTemplate
Annex II. Business Impact Analysis Methodology
Annex III. Process Analysis Template/Example
Annex IV. Incident Management Team
Annex V. Pocket Card
Annex VI. Scenario and Simulated Live Tests
Cash and debt management operations are part of the “transactional” functions of public financial management. It is critical that these functions are resilient to external disruptions, ranging from information and communication technology (ICT) system outages to natural disasters. This technical manual aims to provide guidance on the steps that government cash and debt management units can follow to develop and implement a practical business continuity plan that economizes the resources used. It also discusses the evolving nature of business disruption risks faced by cash and debt management over the last decade, including the COVID-19 pandemic, as well as risk mitigation solutions that have emerged.
particularly focuses on simplifying the BPA/BIA 14 steps by pre-screening processes and disentangling the components of the BIA ( Figure 1 ). Annex I presents a BCPtemplate along these lines.
Step 1: A Simplified BIA
The BIA identifies the critical functions, reveals an institution’s vulnerabilities, and helps determine the cost of undesirable events . While developing a BCP, an institution needs to fully understand its activities, processes, and systems and identify the threats that might have an impact on its operations. The information gathered at this stage