Risks Covered by the Disaster Recovery Plan
In the highly competitive world of business and marketing, Organizations are pushed to be ahead of the race and walk the talk. Customer and Market expectations are higher where in the Companies are expected to walk the talk and demonstrate their capability to live through the promises. In such situation, Organizations have had to think on terms of business contingency, Disaster Recovery and Business continuity plans for they cannot afford any disruption of supplies to markets and failing the customer on account of any risk or threat to their business on account of natural calamities, political situations, terrorism or any such perceived risks. In fact in high value products especially those involving critical functions at the Customers end as well as those involving high end technology, customers expect the suppliers to demonstrate their capability and an operational plan of business disaster recovery in place so that their business does not suffer on account of disruption of services or failure at the Suppliers end. Suppliers are often required to commit to having the disaster recovery plan in place as a part of the Supplier Contract.
What Risks Does the DR Plan Cover ?
Risk assessment, Disaster Recovery and Business contingency planning involves the entire Organization at all levels. First and foremost it is important to understand the kind of risk that the Business Contingency plan aims to cover. The plan aims to primarily cover the risk of disruption to Business Process, Risk of Life to employees, Management Control & Asset recovery.
Threat to Business Process
An analysis can go into minute level and identify a huge list of risks in the business. However the management needs to take a judicious call to filter out from the list of risks those that need to be covered essentially for, it becomes impossible to build a recovery plan around all of the risks that can be identified.
- Disaster Recovery - Introduction
- What is Disaster Recovery Plan ?
- Disaster Recovery & Crisis Management
- Ownership of Disaster Recovery Plans
- Building DR and BC Plans
Authorship/Referencing - About the Author(s)
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