Insurance does not cover all costs and cannot replace customers that defect to the competition.A business continuity plan to continue business is essential.Once all worksheets are completed, the worksheets can be tabulated to summarize: Those functions or processes with the highest potential operational and financial impacts become priorities for restoration.
Business continuity impact analysis identifies the effects resulting from disruption of business functions and processes.
It also uses information to make decisions about recovery priorities and strategies.
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.
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.
After all worksheets have been completed and validated, the priorities for restoration of business processes should be identified.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.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.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 ability to run both office productivity and enterprise software is critical.Following an incident that disrupts business operations, resources will be needed to carry out recovery strategies and to restore normal business operations.Resources can come from within the business or be provided by third parties.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.