CASH Database Analysis

event of a catastrophic disruption (fire) or disaster (hurricane) and a major IT or data center outage occurs

Disaster Recovery team had previously prepared Disaster preparedness plan, a Backup and Recovery Policy, and a Business Impact Assessment.

Let 's go back to daily backups for an example. If you back up at night at 6:00 p.m. and the server goes down the following day at 4:00 p.m., then you 've potentially lost 22 hours of data that was created during that day. If you have no ability to recreate that data, then the data is lost.

The purpose of the disaster recovery plan is to ensure the process of recovering mission critical systems has a plan of action in case of a disaster. The disaster recovery plan makes sure all the steps to bring up the critical to less critical systems

Firstly, Disaster Recovery, this is a procedure that needs to be implemented in the case an accident occurs within an organisation that may result in the loss of data, for example fire/ water damage. This is when a plan needs to be applied to allow the recovery of data; an example of this could be recovering the backup files, installing new equipment and uploading the backup on the new network. For this to be effective this recovery policy relies on backups to be done regularly, otherwise recovery would not be eligible. The disaster recovery policy is highly beneficial and important as it saves not only the organisation but their money and reputation.

When it comes to the company XYZ Computers the disaster recovery plan needs to incorporate a lot of different questions that have to be answered before you can implement whatever they want achieved. The main questions that are brought up when assessing any question is,”How do we fix this? What are the costs associated with the plan presented?” Another question that should be asked but often isn’t, is “Can we anticipate this problem to help block it before it happens?” From there different categories should be implemented as manmade although not as common as a natural disaster that will affect your system, it still needs to be considered. There should also be a ranking system in the plan using two categories, these

First, Incident Response (IR) plan “is a detailed set of processes and procedures that anticipate, detect, and mitigate the effects of an unexpected event that might compromise information resources and assets.” (Whitman, 2013, p. 85). Consequently, Incident response planning (IRP) is the planning for an incident, which occurs when an attack affects information systems causing disruptions. On the other hand, Disaster Recovery (DR) plan “entails the preparation for and recovery from a disaster, whether natural or human-made.” (Whitman, 2013, p. 97). For instance, events categorized as disasters include fire, flood, storm or earthquake. Thus, the differences between an Incident Response (IR) plan and a Disaster Recovery (DR)

Every business and organization can experience a serious incident which can prevent it from continuing normal operations. This can happen any day at any time. The potential causes are many and varied: flood, explosion, computer malfunction, accident, grievous act... the list is endless.

Disasters have become an inevitable part of businesses and organizations as well. They not only have a major effect on business and organizational continuity; they also result to an overhaul in organizational operational mechanisms (Awasthy, 2009). It is for this reason that many organizations and business resort to preparing business continuity plans and disaster recovery plans that will facilitate better disaster management in future. Effective disaster recovery plans are important to every business and organization (Thejendra, 2008).

Disaster recovery is the process of an organisation uses to recover access the data, and also hardware that are needed to recollect the performance to be in normal position after a disaster occurs. While disaster recovery plans have to be focus in every aspect in any organisation and bringing the gap closure after destruction it can be like data, hardware, or software have been lost and the manpower that composes much of any organisation.

As a consultant brought into an organization concerned about business continuity I would recommend to first perform a Risk Assessment Analysis and/or Business Impact Analysis (BIA). Conducting a business impact analysis will allow an organization to know the system or application’s downtime tolerance. The analysis will identify all systems and applications that can experience little to no downtime. Conducting risk assessment analysis will allow the organization to identify all the risks at the beginning and during the life of the organization, and grade the risks in terms of likelihood of occurring and seriousness of impact on the organization. Either analysis is an excellent tool and will result in the beginning creations of disaster recovery and business continuity planning. If using the BIA method a good first step is identifying the business’ most crucial systems and processes to assess what effect the outages will have on the business. All systems or applications should have a back-up location offsite to ensure business continuity. The higher the impact the more money a company should spend in order to quickly gain restoration of their business.

Owning a business can have many stressors day to day. When starting a business there is a lot of planning and preparation involved. Many small businesses are owners who have put their own money into the business and look at it as an investment. Unfortunately with all the planning that goes into starting a business, one thing is often over looked. Most of the time the “what ifs”, are not part of the planning stage. One reason for this is that people do not like to think of the bad things that could or may happen. So with all the time and planning put into starting a business why not put some extra thought into a plan B if a disaster strikes? This plan B could be a business continuity plan or a disaster recovery plan. Business continuity plans are an essential part of the modern day business. There are so many potential disasters for small businesses that could seize the production or even close the business down for good. A recent study from Gartner Inc., found that “90% of companies that experience data loss go out of business within two years. It also found that 80% of company owners have not thought about how they would keep their businesses up and running if a data disaster occurs.” According to the Association of Records Managers and Administrators, “about 60 percent of businesses that experience a major disaster such as a fire close

A large US public power provider, with millions of residential and business customers, needed to rethink its disaster recovery program. Due to budget constraints, the utility’s data recovery program had not been updated or tested for several years. Under the existing program, systems recovery could take up to 20 days—an unacceptable timeframe for a

2. At the end of its first year of operations, Matlocke Company has total assets of $2,000,000 and total liabilities of $1,200,000. The owner originally invested $200,000 in the business, but has not made any further investments or taken any withdrawals. What is the first year 's net income for Matlocke Company?

The inventory throughout the second quater each an every item is variable and it totals at about £4,009,800 and turns over every 3 months/90 days. Cash sales should amount to about £7,500,000 if the inventory of £4,009,800 valued at cost turns over once in 90 days and if the average mark-up is about £2004, 9000. This figure can be roughly checked by referring to the expenses on the income statement. A rough measure of the cash expenses can usually be obtained by using the operating expenses less any non-cash expenses such as depreciation. Overall this shows that it is very important for Doomy corporations to have cash budget planned for its business, because it can help them assess if they are over spending their money and if the money is going and where it is coming in.