University Business Continuity Plan

University Business Continuity Plan-37
Telecommuting is a strategy employed when staff can work from home through remote connectivity.It can be used in combination with other strategies to reduce alternate site requirements.

Telecommuting is a strategy employed when staff can work from home through remote connectivity.It can be used in combination with other strategies to reduce alternate site requirements.

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.

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.

Possible alternatives should be explored and presented to management for approval and to decide how much to spend.

Depending upon the size of the company and resources available, there may be many recovery strategies that can be explored.

Insurance does not cover all costs and cannot replace customers that defect to the competition.

A business continuity plan to continue business is essential.

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.

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