Business Continuity and Disaster Recovery
In today’s tumultuous business climate, unpredictable events can wreak havoc with organizations of every size. The resulting disruptions, from natural disasters to cyberattacks, require businesses to have the right tools in place to ensure operational continuity and avoid downtime, financial loss, reputational damage or even bankruptcy.
That’s why it’s important for every company to have a well-documented business continuity and disaster recovery (BCDR) plan in place. These plans provide detailed instructions on how to respond to a crisis situation and what actions should be taken when the worst occurs.
The first step in creating a BCDR plan is identifying the critical functions that make up an organization’s core business operations. From there, a risk assessment should be conducted to pinpoint the threats that could impact those key functions.
Once the plan is created, it’s a good idea to share it with employees and communicate the importance of its implementation. This will help minimize downtime in the event of a disruption and maximize revenue generation.
It’s also a good idea to regularly review the plan and identify any areas that need improvement. And, most importantly, to implement the plan during regular training exercises so that staff knows what to do in a crisis situation. To learn more about business continuity and disaster recovery, check out our article What Is the Difference Between Business Continuity & Disaster Recovery?