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Related on MHA Consulting: BCM Basics: Modern IT/DR Strategies The Benefits of a Sound Business Continuity Strategy A solid BC strategy is a fundamental component of a functional BC program. Such a strategy provides critical guidance in developing the recovery plans that are the tactical core of your program.
In terms of bang for the buck, not all business continuity activities are created equal. It’s not hard to spend hundreds of hours a year doing BIAs, gap analyses, and risk assessments and developing recovery strategies and writing recovery plans. Pursued purposefully these are all worthwhile activities.
Very few companies, maybe 10 to 15 percent, actually use their recovery strategies and make sure they can truly achieve recovery of the business units, processes, and associated information technology. Recovery Team. Policies explain how you plan to implement business continuity activities. Business Impact Analysis.
Section 1: The Scope of Business Continuity Myth 1: Business Continuity is Only About IT Disaster Recovery or DR. Contrary to popular belief, business continuity extends far beyond IT recovery. These programs include regular reviews, updates, and exercises which are critical for improvement and performance when plans are activated.
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