It Business Continuity Plan Template

It Business Continuity Plan Template-81
Business Continuity Planning Process Diagram - Text Version When business is disrupted, it can cost money.Lost revenues plus extra expenses means reduced profits.Insurance does not cover all costs and cannot replace customers that defect to the competition.

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If a facility is damaged, production machinery breaks down, a supplier fails to deliver or information technology is disrupted, business is impacted and the financial losses can begin to grow.

Recovery strategies are alternate means to restore business operations to a minimum acceptable level following a business disruption and are prioritized by the recovery time objectives (RTO) developed during the business impact analysis.

This strategy also assumes that the surviving site has the resources and capacity to assume the work of the impacted site.

Prioritization of production or service levels, providing additional staff and resources and other action would be needed if capacity at the second site is inadequate.

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.

Telecommuting is a strategy employed when staff can work from home through remote connectivity.

It can be used in combination with other strategies to reduce alternate site requirements.

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.

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