Business Continutiy Plan

Business Continutiy Plan-50
Once all worksheets are completed, the worksheets can be tabulated to summarize: Those functions or processes with the highest potential operational and financial impacts become priorities for restoration.The point in time when a function or process must be recovered, before unacceptable consequences could occur, is often referred to as the “Recovery Time Objective.”Recovery of a critical or time-sensitive process requires resources.

Possible alternatives should be explored and presented to management for approval and to decide how much to spend.

Depending upon the size of the company and resources available, there may be many recovery strategies that can be explored.

Utilization of other owned or controlled facilities performing similar work is one option.

Operations may be relocated to an alternate site - assuming both are not impacted by the same incident.

For example, if a machine fails but other machines are readily available to make up lost production, then there is no resource gap.

However, if all machines are lost due to a flood, and insufficient undamaged inventory is available to meet customer demand until production is restored, production might be made up by machines at another facility—whether owned or contracted.

Business Continuity Planning Process Diagram - Text Version When business is disrupted, it can cost money.

Lost revenues plus extra expenses means reduced profits.

Therefore, recovery strategies for information technology should be developed so technology can be restored in time to meet the needs of the business.

Manual workarounds should be part of the IT plan so business can continue while computer systems are being restored.

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