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Generate plans to deal with a major event
While developing plans to deal with a major event people and businesses are confronted by two different terms – Business Continuity Plan and Disaster Recovery Plan. iPA is here to help you generate plans that are best suited to your business.
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Why Plan?
The more common reasons concern the protection of:
- Company assets including data and information
- Company revenue
- Company market share
- Stakeholder interests
- Statutory and regulatory changes
- Legal obligations to take precautionary measures
- Auditors and Insurance Company document requirements
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Business Continuity Plan (BCP)
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Ensures that essential business functions continue to operate during and after a disaster.
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Seek to protect their mission critical services.
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Re-establish services to a fully functional level as quickly as possible after a disaster.
- Cover most or all of an organisation’s critical business processes and operations.
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Disaster Recovery Plan (DRP)
- Technical plans developed specifically to allow them to recover a particular business application.
- The most well known example is IT DRP.
- The typical test for a DR Plan for IT would be; “if we lost our IT services how would recover them?”
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Advantages of BCP & DR Planning
- A recovery will be quicker and more efficiently carried out.
- An increased likelihood of business survival.
- An increased likelihood of meeting statutory and legal requirement.
- A possible reduction in insurance premiums.
- An organisation may experience an improved credit rating.
- May assist in securing business contracts with key customers.
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