The recovery strategy is developed once the risks, likely costs and critical business functions have all been identified and risk mitigation measures have been planned or implemented.
Often more than one strategy can be developed, with costs and resource availability all having to be taken in to consideration. Inevitably the quicker the recovery, the more expensive the strategy will likely be. Care therefore needs to be taken to ensure that the strategies developed are both realistic and achievable within the organisation. Standby understands the need for any recovery strategy to be cost effective and therefore a company’s risk appetite, budget constraints and also potential costs caused by an outage are key factors when devising any effective strategy.
Documenting the Plan
Once the foundation steps for recovery are identified, the plan can then be developed and documented.
A Business Continuity Plan (BCP) is a special type of document that needs to be concise and provide clear definitions of the actions that need to be taken. Key information deemed critical to aiding a successful business recovery is identified through the various development phases, including the Risk Assessment and Business Impact Analysis phases.
The Team at Standby are highly skilled in developing and documenting Business Continuity and Disaster Recovery Plans that are specifically tailor made to suit customer requirements. Standby's plans are simple to use, easily navigable and contain multiple checklists and pointers to ensure a quick and efficient recovery.
Please contact Standby if you would like more information on this product.