Conducting a business impact analysis (BIA) can reveal any possible weaknesses, as well as the impact of a disaster on various departments.
The BIA report informs an organization of the most crucial functions and systems to be prioritized in a business continuity plan.
Similar to a business continuity plan, disaster recovery planning specifies an organization's planned strategies for post-failure procedures.
However, a disaster recovery plan is just a subset of business continuity planning.
Technologies such as disk mirroring allow an organization to maintain up-to-date copies of data in geographically dispersed locations.
This enables data access to continue uninterrupted if one location is disabled.According to many experts, the first step in business continuity planning is deciding which of an organization's functions are essential and allocating the available budget accordingly.Once crucial components have been identified, failover mechanisms can be put in place.The extent of application of these requirements depends on the organization's operating environment and complexity. The consequences can cause major disruption, which makes proper planning, through business continuity management, an essential tool for businesses that want to go...Several thousand participants are meeting in Sendai, Japan, this week to discuss how to make the world a more resilient place – a place better equipped to prevent disasters and the human and economic losses they incur.ISO 22312 specifies requirements to plan, establish, implement, operate, monitor, review, maintain and continually improve a documented management system to protect against, reduce the likelihood of occurrence, prepare for, respond to, and recover from disruptive incidents when they arise.The requirements specified in ISO 22312 are generic and intended to be applicable to all organizations, or parts thereof, regardless of type, size and nature of the organization. In business, as in life, both can happen at the same time, catching us off guard. Business continuity is about having a plan to deal with difficult situations, so your organization can continue to function with as little disruption as possible. Disruptions to your business can happen at any moment.Find out how this collaborative approach can help your organization anticipate risks and respond effectively to threats and opportunities.BCM Lifecycle: a practical process Best practice in business continuity is built on the stages of the BCM Lifecycle.