Define Business Continuity Plan

Define Business Continuity Plan-37
She received her Bachelor of Science degree in electrical engineering from the University of Houston and a Master of Science degree in international relations from Troy State University.Business Continuity Planning Process Diagram - Text Version When business is disrupted, it can cost money.

She received her Bachelor of Science degree in electrical engineering from the University of Houston and a Master of Science degree in international relations from Troy State University.Business Continuity Planning Process Diagram - Text Version When business is disrupted, it can cost money.Manual workarounds should be part of the IT plan so business can continue while computer systems are being restored.

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The worksheets Operational and Financial Impacts and Business Continuity Resource Requirements should be distributed to business process managers along with instructions about the process and how the information will be used.

After all managers have completed their worksheets, information should be reviewed. Meetings with individual managers should be held to clarify information and obtain missing information.

The ability to run both office productivity and enterprise software is critical.

Therefore, recovery strategies for information technology should be developed so technology can be restored in time to meet the needs of the business.

The point in time when a function or process must be recovered, before unacceptable consequences could occur, is often referred to as the “Recovery Time Objective.”Recovery of a critical or time-sensitive process requires resources.

The Business Continuity Resource Requirements worksheet should be completed by business function and process managers.Resources can come from within the business or be provided by third parties.Resources include: Since all resources cannot be replaced immediately following a loss, managers should estimate the resources that will be needed in the hours, days and weeks following an incident.Lost revenues plus extra expenses means reduced profits.Insurance does not cover all costs and cannot replace customers that defect to the competition.A business continuity plan to continue business is essential.Development of a business continuity plan includes four steps: Information technology (IT) includes many components such as networks, servers, desktop and laptop computers and wireless devices.The Business Continuity Institute defines the purpose of business continuity management as identifying “potential impacts that threaten an organization and provid[ing] a framework for building resilience with the capability for an effective response that safeguards the interests of its key stakeholders, reputation and value-creating activities.” Therefore, the main objectives of a business continuity plan are to identify critical operations and risks, provide a plan to maintain or restore critical operations during a crisis, and create a plan to communicate with key people during the crisis.The Office of Information Systems at the University of North Carolina School of Medicine defines the goal of a business impact analysis as identifying “an organization’s system resources, critical processes, allowable outage times and potential impacts that may result from a disruption in operations.” Risk assessments “identify vulnerabilities and threats that may impact the business unit's ability to fulfill” its objectives.The RPO considers how much of a company’s infrastructure, whether it be data, facilities, processes or other key components, needs to be restored before operations can resume normally.The RPO varies from Zero RPO, where no restoration is necessary, to Point of Failure RPO, where everything that occurred up to the failure must be restored.

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