Disasters are occurrences one cannot control. The economic movements are unpredictable as technologies, effects of climate change, and health issues continue to persist; these among other disasters cause shifts in activity in the global financial market. Business companies in return are the last entity to carry the loads of aftermath of these circumstances. They become pressed in crisis of recovery when for example a calamity struck an entire nation.
Disaster recovery planning and risk management is an initiative built to prohibit greater business loss out of circumstances that could impact firms. This is a mitigating and prohibitive action to brace the business entities when the disasters strike the market. The action plan is intended to make sure that businesses are resilient enough to restore its operations even after such unexpected events to happen.
Statistics show that 80% of those businesses without disaster recovery plan and that are greatly affected by major incidents are forced to close within 18 months after losing its resources and data to keep operating. The absence of mitigating plans for these catastrophes is the major reason why businesses are downgrading. Ideally, the business company should have its own plan in disaster risk to save the company’s investment and to provide long run protection against any disasters.
Risk management, on the other hand, is an analytical planning tool that plots possible disasters that may likely to happen. This is done
Disaster Recovery team had previously prepared Disaster preparedness plan, a Backup and Recovery Policy, and a Business Impact Assessment.
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
Thank you for your response. Whenever a crisis hits an organization, not even the best business insurance can fully compensate for the loss. So after the horrific events of 911, human resource and risk management departments (Washington DC adjacent companies) acknowledged the need for continuity /disaster recovery plans. In many cases, insurance carriers required a written continuity /disaster recovery plan on file for continued coverage.
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
The business continuity & disaster recovery is written into the policy to ensure each department knows and has a plan in case of an unexpected event such as a fire, vandalism, and natural disaster that would disrupt normal business. This part of the plan also states that data administrators are the ones responsible to implement procedures for critical backup of data and how long the recovery time would be which is set by the data stewards and other stockholders.
The Business of Disaster is focused mainly on how homeowners whose properties were destroyed by Sandy are still struggling three years after the fact. Most of them lost the majority, if not the entirety, of their possessions and the costs the repair their homes are high. Though
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)
According to the article, How to Successfully Implement a Disaster Recovery Plan on ameinfo.com, “most major organizations are running critical enterprise applications such as Enterprise Resource Planning (ERP), Supply Chain Management (SCM), and Customer Relationship Management (CRM). These applications are integrated across the enterprise to such an extent that they touch everyone from employees and customers to suppliers and partners, and they are the backbone and life-blood of the organization” (ameinfo.com, 2003). Implementing a good disaster recovery plan is highly imperative to ensure business continuity. However, one of the biggest challenges is convincing business leaders to recognize the need and fund the change. An organization should be prepared for all forms of disasters and catastrophes and have a disaster recovery plan in place that will allow the system should function normally under any of these circumstances. This alone will provide a huge competitive advantage and allow the organization to remain functional during potential down times. Natural or any other form of disaster is something that cannot be predicted and the company should be well prepared to deal with any untoward incidents. Any business utilizing IT systems should have proper backup and restoration methods to reset the system in case of emergencies.
Next, you need to identify and document your company's key functions and related services. You need to understand the activities and resources required to deliver your core services. You need to decide if the function is minor, moderate, or significant. And if the need for that service will change over time. For example, payroll might not be something you consider significant during the first 24 hours after the disaster occurs, but it will be significant by the next
Disasters weather man-made, natural, or technological are ineluctable. Community stakeholders, leaders, and citizens are ultimately culpable for ensuring that a sound disaster preparedness and recovery plan is in place should a calamity materialize. Failure to enact such a plan comes with immeasurable consequences. Over the discourse of this paper, the Banqiao Dam disaster will be examined as a case analysis, to render what preparedness and recovery plans were sanctioned, as well as the scope of the response effort.
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 Planning is the critical factor that can prevent headaches or nightmares experienced by an organization in times of disaster. Having a disaster recovery plan marks the difference between organizations that can successfully manage crises with minimal cost, effort and with maximum speed, and those organizations that cannot. By having back-up plans, not only for equipment and network recovery, but also detailed disaster recovery plans that precisely outline what steps each person involved in recovery efforts should undertake, an organization can improve their recovery time and minimize the disrupted time for their normal business functions. Thus it is essential that disaster recovery plans are carefully laid
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
Disaster recovery plan (DRP) is a clearly defined and documented plan of action for use at the time of a crisis. Typically a plan will cover all the key personnel, resources, services and actions required to implement and manage the DR process (comission, 2014).
On August 29, 2009, Hurricane Katrina struck the United States Gulf Coast. It was a Category 3 Hurricane, according to the Saffir Simpson Scale. Winds gusted to up to 140 miles per hour, and the hurricane was almost 400 miles wide . The storm itself did a tremendous amount of damage, but the storm’s aftermath was cataclysmic. Many claimed that the federal government was slow to meet the needs of the hundreds of thousands of people affected by the storm. This paper will examine the four elements of disaster management – preparedness, response, recovery, and mitigation – as well as an analysis on the data presented.