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.Tags: Max Weber Sociology Theory EssayLalla Assia EssaydiSampling Of Research PaperAnatomy Of Madness Essays In The History Of PsychiatryAlienation Essay On The Catcher In The RyeEssay On Marriage PartyC AssignmentsHow To Solve Ratio And Proportion Math Problems
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.
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.
The Operational & Financial Impacts worksheet can be used to capture this information as discussed in Business Impact Analysis.
The worksheet should be completed by business function and process managers with sufficient knowledge of the business.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.Resources include: Since all resources cannot be replaced immediately following a loss, managers should estimate the resources that will be needed in the hours, days and weeks following an incident.The worksheets Operational and Financial Impacts and Business Continuity Resource Requirements should be distributed to business process managers along with instructions about the process and how the information will be used.Business Continuity Planning Process Diagram - Text Version When business is disrupted, it can cost money.Lost revenues plus extra expenses means reduced profits.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.