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Follow these seven steps to implement a BC strategy that can help you swiftly recover your business processes in the event of an outage. 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.
The cost of poor or nonexistent IT/DR planning can range from grossly over architecting their IT/DR capacity to neglecting it to being unable to recover after a catastrophic event. Disaster Recovery Coordinator. The BC professional on the team ensures that IT recovery plans align with business needs.
Recovery Exercises. Practicing your recovery strategy is absolutely necessary. Don’t simply talk about what you’ll do in the event of a disruption; practice it. To evaluate your recovery exercises ask: Are we conducting recovery exercises? Recovery Team. This is the second most significant area of risk.
They are also subject to penalties if they are impacted by an event and are subsequently found to have left themselves vulnerable through noncompliance. Ultimately, these gains translate to improved resilience, a reduction in the impacts caused by events, and—for companies in highly regulated industries—reduced exposure to penalties.
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. Additional threats such as cyber-related events, supply chain disruptions, and human-related incidents are equally critical.
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