Overview
In the event of potential threats such as power outages, ransomware attacks, and natural disasters; business disruption can impact your organisation. Disruptions can lead to revenue loss, brand damage, and also unsatisfied customers due to longer recovery time. By having a business continuity plan (BCP) in place, every organisation can ensure to remain proactive and continue its business operations (BAU) despite being interrupted due to unplanned events.
With IT and digital companies, the level of security is a crucial component and should be maintained at all times while executing disaster recovery.
When we plan a business continuity for an organisation, we follow these main steps:
- Carry out a risk assessment
- Analyse business impact
- Create a strategy and a plan development
- Test the planning, train the relevant staff and maintain by making improvements
It’s all part our commitment to provide Financial Expert clients with a complete support service for every stage of life – in other words, if we can’t give you the answers you’re looking for, then you can count on us to know someone who can.
Disaster Recovery Plan (DRP)
DRP (Disaster Recovery Plan) is a formal documentation that shows clear instructions on how to respond to disruptive events. The plan would also contain strategies to minimise the effects of the disaster and a plan of action for the organisation to continue with its key business operations.
With a contingency plan in place, it is important to test and evaluate the DR plan on a regular basis. This is because versions for data operating systems always keep on evolving and we need to ensure the DR plan is always up-to-date for the management team to execute it without having any issues when a potential threat happens.
It’s all part our commitment to provide Financial Expert clients with a complete support service for every stage of life – in other words, if we can’t give you the answers you’re looking for.