University Business Continuity Plan

University Business Continuity Plan-79
For example, if a machine fails but other machines are readily available to make up lost production, then there is no resource gap.However, if all machines are lost due to a flood, and insufficient undamaged inventory is available to meet customer demand until production is restored, production might be made up by machines at another facility—whether owned or contracted.Recovery strategies require resources including people, facilities, equipment, materials and information technology.

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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.

Therefore, recovery strategies for information technology should be developed so technology can be restored in time to meet the needs of the business.

Manual workarounds should be part of the IT plan so business can continue while computer systems are being restored.

Once all worksheets are completed, the worksheets can be tabulated to summarize: Those functions or processes with the highest potential operational and financial impacts become priorities for restoration.

The point in time when a function or process must be recovered, before unacceptable consequences could occur, is often referred to as the “Recovery Time Objective.”Recovery of a critical or time-sensitive process requires resources.Primary and dependent resource requirements should also be identified.This information will be used to develop recovery strategies.Insurance does not cover all costs and cannot replace customers that defect to the competition.A business continuity plan to continue business is essential.The Business Continuity Resource Requirements worksheet should be completed by business function and process managers.Completed worksheets are used to determine the resource requirements for recovery strategies.Strategies may involve contracting with third parties, entering into partnership or reciprocal agreements or displacing other activities within the company.Staff with in-depth knowledge of business functions and processes are in the best position to determine what will work.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.

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