Business Continuity & Disaster Recovery

Business Continuity & Disaster Recovery

How a company responds during an emergency or other unexpected event can drastically impact how quickly it can resume operations and continue its full capacity of operations. Having a plan and systems in place for such events can be just as important as the actual response once an event occurs.

To prepare for such events, companies should revise their business continuity plans (BCP) and disaster recovery plans (DRP). Below, we outline information and steps for your business continuity plan (BCP);

Business Continuity Planning

There are several key factors to consider when creating a BCP. While employees and customer safety should be your top concern, there are also other areas of focus that are especially important.

Top Priorities

Business continuity planning should focus on:

The duration your business can last without its tools, assets, operating locations, and other elements crucial to operations.

Possible outcomes if you are denied access to facilities, servers, customer records, or other  needs.

The length of time you can operate without telephone service, electricity, or temporary electricity if running only on generators, water, and other utilities.

The necessary changes to processes and workflows to maintain critical operations until the situation can be returned to normal.

The scenarios that are most likely to occur and that would create the greatest disruption to the organization.

Identification, Assessment, Analysis, and Prioritization

Our risk management offers:

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Current State/Gap Analysis

Takes a structured approach to assess specific to your organization to determine the potential impact that unexpected crisis occurs. This includes the collection, identifications, categorization, prioritization, and mapping of your existing business continuity (BC) and disaster recovery (DR) plan to better align with the current realities of the Pandemic affecting your’s organization objectives and strategies.

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Risk Identification and Assessment

Takes the lesson learned approach to understand your organization’s operational and IT risk requirements and to develop tolerance thresholds; modeling risks to align with your organization’s business objectives and strategy. The result is a strategic organizational risk map.

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Risk Analysis

Takes a disciplined approach to understanding your risk appetite and developing tolerance thresholds; modeling risks and their variance; providing an analysis of the projected impact of mitigation strategies; assisting you in determining optimal capital allocation; and considering the upside of risk to your business.

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Risk Evaluation

Team offers an evaluation of risk treatment options including the projected costs and benefits; identification of risk ownership; the recommendation of tailored solutions appropriate to your business and objectives; and the implementation of risk mitigation strategies.

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Risk Reporting

Can assist in designing of meaningful communication processes and material to your organization, board of directors, stakeholders, customers, and key constituents before, during and after the crisis.

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Technology Strategies

Works with you in reviewing your existing DR plan; recommends areas of improvements that better align with the current pandemic situation while sustaining the mission critical systems, applications, and databases online without impacting the customer services experience.

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Organizational Implementation

As a follow-up to those activities, we provide you with an implementation roadmap to assist with organizational implementation changes.

Framework Design, Implementation, and Reporting focusing on BCP & DRP.

Organizational process review

Our risk management team works with you to enhance existing processes or create new ones associated with operations of your business and Information Technology (IT). Activities can potentially include building communication protocols based on a “common language” for discussing risk; enhancing risk governance frameworks; and integrating risk management activity into your control and compliance framework, strategic planning, and business processes. As a follow-up to these activities, we provide you with a recommendation implementation roadmap to assist with organizational change.