Risk Management Disaster Planning
Risk Management: Contingency Planning - "Plan B"
Today I want to share about so called the Plan B, it comes under risk management. Big or small every organization should have contingency planning. Contingency planning refers to the planning for unexpected events when the use of technology is disrupted and business operation comes close to a standstill.
Different organizations have different procedures that will permit organizations to continue the essential function. This day to day work should be carried out every day otherwise, these organizations could go into disaster.
What is at stack?
About 40% business do not have a contingency plan; however, those that do and are not serious about it will go out of business after a significant loss.
The main goal is the restoration its normal model of operation with the minimum cost and disruption to normal business activities after an unexpected event.
- A - Incident Response Plan (IRP) : Focus on immediate response
- B - Disaster Recovery Plan (DRP) : on restoring operation, primary site after disaster occur.
- C - Business Continuity Plan (BCP): Facilities establishment of operation at an alternate site.
This all component are based on Business Impact Analysis (BIA). This identifies the critical business function on information assets.
Here are the six steps to CP:
- A - Identify the critical of business critical function.
- B - Identify the resources that support critical function.
- C - Anticipate potential contingencies or disasters.
- D - Select contingency planning strategies.
- E - Implement selected strategies.
- F - Test and revise contingency plans (should be known by all the departments of an organization).
I appreciate your reading and hope you offer some feedback. Thank you!