Components of Project Management and Stakeholder Management
There are several components of project management that encompass the spectrum of project management. Right from the initial setting up of the project to the closure, each phase brings a new set of challenges and components to the art of project management. Specifically, the project manager has to manage the team and take bottom-line responsibility […]
The Problems with Protectionism
The world seems to have turned on its head. Countries like the United States and the United Kingdom were earlier frontrunners in the race for globalization. They were increasingly pressurizing developing countries to open their markets. They thought this would allow them to have increased sales for their products. They never thought the reverse could […]
What Makes Some Cities and Regions Hotspots of Innovation
Why Do Silicon Valley and Bangalore Score over Regions and Cities? Silicon Valley in California State in the United States and Bangalore in India, as well as Shanghai in China, are known to be hotspots of innovation wherein they attract the best talent and the most number of startups as well as entrepreneurs compared to […]
Different types of Data and its Importance
Data can be described as the backbone of any six sigma project. This is because the whole idea of six sigma and operations is to use statistics to manage operations in the factory workshop. Hence, for a six sigma team to understand the types of data and when and how to use them is of […]
Phases of ERP Implementation
Like any other project, ERP implementation goes through various interconnected phases. These phases may be sequential but at occasions overlap. Normally, every phase has entry criteria, which needs to be fulfilled before the commencement of the phase. A phase is deemed to have completed when pre-determined deliverables are achieved. Various phases of ERP implementation, for […]
Disaster Recovery and Business Continuity have become an integral part of the ongoing business process with most of the Organizations that consider it important to do risk assessment and risk mitigation to safeguard their business from all sorts of threats and crises.
DR & BC plans can be drawn up in detail and elaborately to cover each and every business process and function. The extent to which one must elaborate would depend upon the nature of business and the cost of recovery.
Business Continuity is largely maintained through alternative BC or DR site which can be inside the same city, in another city or location or at an overseas location etc. When it comes to IT and systems recovery as well as DR plans for IT companies the options of Disaster Recovery & Business Continuity sites as well as recovery process are different from normal DR or BC Sites.
Apart from having to plan for Disaster Recovery & Business Continuity Sites, the companies have further more options for recovery assistance. Some of the widely used options are given hereunder.
Companies tie up with the supplier or vendor to provide nil down time or pre specified downtime recovery assistance by replacing the hardware immediately or holding inventory of spares at customer site. Companies like IBM, Dell etc stock some of the critical components and spare hardware as well as engineers at large customer sites (Eg: Banks) to provide onsite support as per their performance agreements.
Some of the vendors or suppliers offer insurance or guarantee with commitment on replacing the parts within stipulated time period or replacing the product as the case may be.
It is not uncommon in case of IT companies to seek services of a third party vendor who specializes in providing DR services. In most cases where the IT installations are huge and critical, using a good third party DR center makes more sense than setting up one in house. When it comes to Third party services, following options are available in the market.
There are several reputed third party services offering Disaster Recovery & Business Continuity sites on commercial basis. Some of the well known names include IBM, Comdisco, Sun guard, Strohl, LBL technology Partners & Technology protection systems etc. Besides the commercial ventures, several institutes are available from which one can get required guidance and assistance to develop plans in house.
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