Airport Business Continuity Planning (BCP)

Insurance

August 7, 2014

FTI Consulting professionals in the Risk Management Practice have unique knowledge and understanding of airport operations, and extensive experience in developing business continuity plans in complex environments. Given that recovery planning is in the national interest for critical infrastructure facilities, we developed the definitive guidebook on airport BCP, along with a software tool that enables all U.S. airports to understand how to develop effective business continuity plans specific to their operational circumstances.

Why BCP is Important at Airports

As fixed-base components of our critical national infrastructure, it is paramount that U.S. airports develop plans for operating at an optimal threshold level during material disruptions and quickly recovering their essential functions and processes after the disruption has ended.

The seemingly endless stream of global crisis incidents over recent years – both natural and man-made – means that it is no longer safe to assume that, because an airport may have not yet directly suffered from a crisis situation, that it probably will not suffer from a crisis in the future. The prudent assumption for airport operators and management is that impactful disruptions are likely, and that they are likely to negatively affect not only the airport, but to cascade down its economic “watershed” and negatively impact airlines and other tenants, contractors, FBO’s, and the many businesses and travelers who rely on sustained airport operations.

In today’s environment, it is an unacceptable risk for airport management to lack the fundamental business resilience capacity that a business continuity plan provides, and for airport operators not to require these plans of management. When airports fail to function and do not effectively recover from prolonged disruptions, the cumulative economic risk from the negative multiplier effect on dependent businesses, the insurance and liability risk, and the contractual and legal risk are entirely too great for airport management, airport operators, and state and federal regulators to ignore. Consequently, airport operational recovery planning should be a national imperative.


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