Business Continuity Plan
Backup System - Disaster Recovery - Business Continuity Plan
Business Continuity Planning incorporates disciplines that anticipate business and technology changes or events, including "disasters", that may affect mission-critical functions and processes in your business. A Business Continuity Plan ensures that your business can respond to any such events in a planned and predictable manner. A Business Continuity Plan can save you more than just money, it can save your business.
For all companies the stakes are high. 30% of all businesses that suffer a disaster, fire, flood, earthquake or hurricane, never reopen their doors, according to Meta Group. An additional 29% close within 2 years after the disaster. Many companies deprived of their key systems for 10 days cannot recoup the financial damage, and 50% go out of business within 5 years. Those that do survive take a terrible financial hit.
The solution researchers conclude, is to have a credible Business Continuity Plan and disaster recovery strategy - up-to-date, tested, and ready for use.
A Business Continuity Plan provides many benefits. Perhaps the most important, direct and measurable benefit is that such a strategy will minimize financial losses in the face of any type of disaster. Having a solid, well-tested plan in place will help to restore IT and telecommunications infrastructures quickly in order to minimize interruptions for customers, suppliers, partners, and investors.
Such fast restoration would not only preserve but also strengthen the company's reputation and professional standing in the business community.
Benefits of a Business Continuity Plan:
1. Minimizes financial loss in face of any type of disaster.
2. Reduces time required to restore operations.
3. Increases sense of security and reduces level of fear.
4. Increased Customer confidence in your ability to satisfy their needs
5. A major edge against your competition