Disaster recovery and business continuity planning are processes that help organizations prepare for disruptive events - whether an event might be a hurricane or simply a power outage caused by a backhoe in the parking lot. The CSO's involvement in this process can range from overseeing the plan, to providing...
Today's operational environment has become extremely complex. Users who are dependent on information systems and highly sophisticated technologies are often working at remote locations. In addition, many mission and operations functions are so highly specialized that only a preplanned fallback procedure can lead to restored operations. Therefore, organizations need a...
The devastating effects of Hurricane Katrina and 9/11 made clear the importance of business continuity planning. Yet because of the expense and effort, many businesses have yet to examine their preparedness and response strategies. In this ZDNet Webcast, Rhoda Phillips, Research Manager at IDC, offers a step-by-step...
IBM's new white paper, "In the spotlight: The human side of business continuity planning," outlines issues and risks related to human capital resiliency that could arise in any crisis, and provides a comprehensive framework for addressing them. The paper offers key insights to all business leaders, but should be of...
A business continuity plan is a collection of procedures and information that is developed, compiled, and maintained in readiness for use to help an organization respond, recover, and resume in the event of a disaster. The objectives of business continuity planning are to minimize disruptions to the financial institution and...
Business Continuity Planning BCP involves formulating a comprehensive action-plan that enables an organization to carry on with its routine day-to-day operations in the face of unforeseen situations and crisis. The BCP is done after ascertaining a number of factors that include relationships with business partners, technology nuances to business, infrastructure,...
The Business Continuity Planning BCP process is one of the strongest tools a company can use to offset the potential impact from significant loss incidents. Each company’s actual plan will be unique to address its own exposures and situations. Each plan, however, should address the following key issues: Pre-incident risk...
For the treasury, disaster recovery / business continuity is not just a matter of maintaining and monitoring internal systems and processes. Nor is it solely a question of ensuring back-up facilities can be depended upon. The future of disaster preparedness is one of enhanced collaboration among financial institutions and more...
Business Continuity Planning BCP involves planning to ensure uninterrupted day-to-day business operations in face of risk and uncertainty. It is imperative to have the full support of the senior management for devising an effective BCP framework. The BCP framework has to be formed in conformity with the overall business objectives...
From the executive summary: ‘The Internet is the fastest and easiest way to obtain information on almost any topic and has become the preferred vehicle for information seekers. Because a Business Continuity Planning BCP manager has a number of responsibilities-creating awareness of the need for a BCP, training employees in...
Business Continuity Planning BCP ensures the continuation of regular operations even in the face of disaster. It goes beyond conventional disaster planning in ensuring availability of pre-disaster resources for interruption-free operations. After 9/11, the risk of disaster and consequently, the need for effective BCP has heightened. The paper examines some...
A crisis is an unstable situation that involves dangerous and destructive circumstances. Business Continuity Planning BCP is a comprehensive action-plan evolved by an organization that enables the organization to continue with its routine business operations, even in the face of a crisis. The paper examines the relevance of BCP and...
Business Continuity Planning BCP involves long-range planning for uninterrupted business operations in the event of a disaster or crisis. BCP focuses on efficient resumption of basic tasks so that the ensuing crisis does not have a far-reaching effect on business operations. Technology tools facilitate BCP. The paper examines issues involved...
It is the concern for those who have the responsibility for business continuity planning that they may fail in their posts at the critical time. The new millennium's greatest threat to the enterprise is inadequate preparation based on weak and superficial risk analysis. The resultant efforts at restoring functionality and...
Planning to ensure the continuation of operations in the event of a catastrophic event. Business Continuity Planning BCP goes beyond disaster recovery planning to include the actions to be taken, resources required, and procedures to be followed to ensure the continued availability of essential services, programs, and operations in the...
Article discusses practical guidelines. It is estimated that HIPAA compliance could cost the healthcare industry in the United States more than the amount expended on Y2K preparedness. In addition, there are new regulations concerning the earthquake retrofits of hospitals that could price many standalone community hospitals out of the market....
Enterprise Risk Management ERM is the capability to protect enterprise value by managing risk with a coordinated and systemic approach, organization-wide and also across all types of risks. The paper discusses the strategies of business contingency planning. The paper also presents the difference between function and process view of the...
One attribute of terrorism is its unpredictability, any Business Continuity Programme must recognise that and be able to react rapidly to mitigate the impact regardless of where or how it is delivered. However, a fire could destroy the business as quickly as a terrorist bomb and is many times more...
In the white paper, the Securities & Exchange Commission and other agencies distinguish between "core" industry participants and "significant" industry participants. They estimate that "core" firms should be able to resume operations after a major disruption in two hours, and that "significant" firm should be able to resume operations in...
The article states that public and private organizations are scrambled to reassess their plans for business continuance in the face of previously unimaginable parameters of disaster. This paper briefly reviews the history of disaster preparedness in New York State from the legislative study of this phenomenon in 1978 to...
