Utilization of other owned or controlled facilities performing similar work is one option.Operations may be relocated to an alternate site - assuming both are not impacted by the same incident.The Operational & Financial Impacts worksheet can be used to capture this information as discussed in Business Impact Analysis.
Possible alternatives should be explored and presented to management for approval and to decide how much to spend.
Depending upon the size of the company and resources available, there may be many recovery strategies that can be explored.
Business continuity impact analysis identifies the effects resulting from disruption of business functions and processes.
It also uses information to make decisions about recovery priorities and strategies.
Primary and dependent resource requirements should also be identified.
This information will be used to develop recovery strategies.
After all managers have completed their worksheets, information should be reviewed. Meetings with individual managers should be held to clarify information and obtain missing information.
After all worksheets have been completed and validated, the priorities for restoration of business processes should be identified.
If a facility is damaged, production machinery breaks down, a supplier fails to deliver or information technology is disrupted, business is impacted and the financial losses can begin to grow.
Recovery strategies are alternate means to restore business operations to a minimum acceptable level following a business disruption and are prioritized by the recovery time objectives (RTO) developed during the business impact analysis.