Insurance does not cover all costs and cannot replace customers that defect to the competition.A business continuity plan to continue business is essential.Tags: College Essay AssignmentConsumer Reviews Resume Writing ServicesBooks A Dying Art Dont Believe It EssayInformative Essay WritingCar Problem SolvingThe Photographic Essay For Case StudiesHuman Rights Essay AwardUse Graphical Methods To Solve The Linear Programming Problem
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.
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.
Recovery strategies require resources including people, facilities, equipment, materials and information technology.
An analysis of the resources required to execute recovery strategies should be conducted to identify gaps.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.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.The Business Continuity Resource Requirements worksheet should be completed by business function and process managers.Completed worksheets are used to determine the resource requirements for recovery strategies.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.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.