If a facility is damaged, production machinery breaks down, a supplier fails to deliver or information technology is disrupted, business is impacted and the financial losses can begin to grow.
If a facility is damaged, production machinery breaks down, a supplier fails to deliver or information technology is disrupted, business is impacted and the financial losses can begin to grow.Recovery strategies are alternate means to restore business operations to a minimum acceptable level following a business disruption and are prioritized by the recovery time objectives (RTO) developed during the business impact analysis.Recovery strategies require resources including people, facilities, equipment, materials and information technology.Tags: Police And Corruption Research PapersSimple Small Business Plan Template FreeFormat For An Argumentative EssayCritical Thinking MapDissertation Services OnlineE-Business PlanTelecom Business PlanLegalizing Prostitution Essay
Business Continuity Planning Process Diagram - Text Version When business is disrupted, it can cost money.
Lost revenues plus extra expenses means reduced profits.
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.
After all managers have completed their worksheets, information should be reviewed. Meetings with individual managers should be held to clarify information and obtain missing information.
After all worksheets have been completed and validated, the priorities for restoration of business processes should be identified.The Operational & Financial Impacts worksheet can be used to capture this information as discussed in Business Impact Analysis.The worksheet should be completed by business function and process managers with sufficient knowledge of the business.Strategies may involve contracting with third parties, entering into partnership or reciprocal agreements or displacing other activities within the company.Staff with in-depth knowledge of business functions and processes are in the best position to determine what will work.Resources include: Since all resources cannot be replaced immediately following a loss, managers should estimate the resources that will be needed in the hours, days and weeks following an incident.The worksheets Operational and Financial Impacts and Business Continuity Resource Requirements should be distributed to business process managers along with instructions about the process and how the information will be used.Telecommuting is a strategy employed when staff can work from home through remote connectivity.It can be used in combination with other strategies to reduce alternate site requirements.Insurance does not cover all costs and cannot replace customers that defect to the competition.A business continuity plan to continue business is essential.