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Below are five reasons why business leaders should prepare: Quickly respond and adjust to a disaster or disruption with strategies that allow you to shift and pivot your business for a more expedient recovery. Obtain better insurance rates and coverage for instant Return on Investment (RIO).
Developing a disaster recovery plan concurrently with the overall BC plan is an essential and efficient use of an organization’s time and resources. The analyses will identify critical components of the disaster recovery plan, such as IT recovery time and recovery point objectives.
Still, the cost of your BC/DR efforts (HR and Accounting can help calculate the time spent by team members on their participation and the cost of BC/DR software platforms like BC in the Cloud) is a real number and just as critical to the ongoing success of the company as insurance. BC/DR is no different.
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. You can also seek out new clients that require vendors or suppliers to have business continuity and disaster recovery plans in place.
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