Business Recovery Plans

Business Recovery Plans-65
Senior managers or a BCP Committee would normally: The BCP committee is commonly co-chaired by the executive sponsor and the coordinator.

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If so, how much revenue, and for what length of time?

If clients cannot access certain services or products would they then to go to another provider, resulting in further loss of revenue?

Recognizing that some services or products must be continuously delivered without interruption, there has been a shift from Business Resumption Planning to Business Continuity Planning.

A business continuity plan enables critical services or products to be continually delivered to clients.

This step determines what goods or services it must be delivered.

Information can be obtained from the mission statement of the organization, and legal requirements for delivering specific services and products.Instead of focusing on resuming a business after critical operations have ceased, or recovering after a disaster, a business continuity plan endeavors to ensure that critical operations continue to be available.September 11, 2001 demonstrated that although high impact, low probability events could occur, recovery is possible.An example would be the business impact analysis component of a BCP program.Critical services or products are those that must be delivered to ensure survival, avoid causing injury, and meet legal or other obligations of an organization.Loss of image or reputation is especially important for public institutions as they are often perceived as having higher standards.Since few organizations can afford to pay the full costs of a recovery; having insurance ensures that recovery is fully or partially financed.Additional benefits include improvement in overall organizational efficiency and identifying the relationship of assets and human and financial resources to critical services and deliverables.Every organization is at risk from potential disasters that include: A BCP contains a governance structure often in the form of a committee that will ensure senior management commitments and define senior management roles and responsibilities.The BCP senior management committee is responsible for the oversight, initiation, planning, approval, testing and audit of the BCP.It also implements the BCP, coordinates activities, approves the BIA survey, oversees the creation of continuity plans and reviews the results of quality assurance activities.

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