keeping business going
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Is your business for the unexpected and will it survive? A business continuity review.TRANSCRIPT
Business Continuity Today
The goal is to achieve a continuity where mission critical
processes are always available to meet business needs
regardless of circumstances.
Contingency plans for business processes must be
implemented for potential business risks including: day-
to-day operation glitches, unexpected peaks in customer
demand, hacker intrusion, recurring application
problems, site disruption, or a full-scale disaster.
Business Continuity Challenge
Businesses are frequently hesitant to invest in the
Business Continuity preparation and infrastructure; yet
seem to demand it. Why? The financial impact and/or legal liabilities are under-estimated or
unknown.
Today many business processes are tightly integrated and thus mission-
critical so… When something goes wrong, the widespread is impact is
unexpected. The normal "won't happen here“ mindset. It can happen to
your competitor, but not you.
Lack of recognition that the existing infrastructure no longer supports the
current availability and continuity needs of the company.
Increasing complex operations and regulation produce a lack of knowledge
when pairing business processes with the proper level of business
continuity.
Business Continuity & Technology
The number-one technology issue facing
management today is data protection within budget.
For all organizations, unhindered access to applications and data
are key to the success and continuity of the business.
Your critical data must remain available in the event of
unexpected or catastrophic failures. If your storage system goes
down, you can be out of business.
Business Continuity Assessment
Discretely identify and map the mission critical and regulatory requirements of your business.
Obtain a high-level assessment of your current environment from a disaster prevention and preparedness perspective.
Key business risks and exposures are identified in pre-designated areas.
A gap analysis compares your current capabilities to industry best practices. A trusted advisor can offer recommendations to improve your level of readiness.
Develop or review end-to-end business resumption plan.
Risk Assessment
Identify your areas of highest risk and obtain trusted
advisor prioritized recommendations for reducing your
exposures.
Determine the events and environmental factors that can
affect your organization and facilities with disruption or
disaster, the potential damage you could incur, and the
controls needed to prevent or minimize your losses.
Business Impact Analysis
Gauge the impact of downtime on your critical
business processes in tangible costs such as lost
revenue, market share, and penalties - as well as in
intangible costs such as lost reputation, image, and
customer satisfaction.
Define the targeted Recovery Time Objectives (RTOs)
and Recovery Point Objectives (RPOs) for your
Business Continuity strategy and plan.
Business Continuity Audit
Obtain a high-level assessment of your current environment from a disaster prevention and preparedness perspective. Key business risks and exposures are identified in pre-
designated areas.
A gap analysis compares your current capabilities to industry best practices.
A independent expert like Stragility BNS can offer recommendations to improve your level of readiness or assist you in developing complete process.
How prepared is your
business to continue
operations or stay in
business if the
unexpected happens?