Definition Of Business Continuity Plan

Definition Of Business Continuity Plan-73
An example would be the business impact analysis component of a BCP program.

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This step determines what goods or services it must be delivered.

Information can be obtained from the mission statement of the organization, and legal requirements for delivering specific services and products.

A Disaster Recovery Plan deals with recovering Information Technology (IT) assets after a disastrous interruption.

Both imply a stoppage in critical operations and are reactive.

Instead of focusing on resuming a business after critical operations have ceased, or recovering after a disaster, a business continuity plan endeavors to ensure that critical operations continue to be available.

September 11, 2001 demonstrated that although high impact, low probability events could occur, recovery is possible.

To determine the loss of revenue, it is necessary to determine which processes and functions that support service or product delivery are involved with the creation of revenue.

If these processes and functions are not performed, is revenue lost? If services or goods cannot be provided, would the organization lose revenue?

Would fines or penalties from breaches of legal responsibilities, agreements, or governmental regulations be an issue, and if so, what are the penalties?

Estimates are required to determine the approximate cost of the loss of consumer and investor confidence, damage to reputation, loss of competitiveness, reduced market share, and violation of laws and regulations.

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