What Is Business Continuity Management and Disaster Recovery Plan?
Organizations are highly dependent on the Internet and networking; thus, traditional backup and recovery plans can no longer guarantee business operations continuity. A business continuity plan is created using business processes, thereby helping an organization to establish a more coordinated robust, and scalable continuity management system.
Business continuity management is a comprehensive management process that recognizes potential business threats and their effects on business operations. It is essential to build organizational resilience and ensure that critical business functions can continue with minimal disruption in emergencies.
A business continuity plan can reduce potential risks associated with unexpected events, such as natural disasters, human-made disasters, and even cyberattacks.
However, business continuity management is not complete without an effective disaster recovery plan, as disaster recovery is an inevitable subset of business continuity. Disaster recovery restores data and critical applications when business systems are unavailable or destroyed, and ultimately, re-establish the business operations.
Why Is Business Continuity Management Important?
Business continuity management helps organizations protect against reputational damage and increase their resilience against internal or external events triggered by risks.
It is also often required due to legal and regulatory compliance. An organization that has a business continuity management in place will have a greater advantage over its competitors. This is because it gives confidence to existing and potential customers that the organization can protect its business from any risks, including cyber threats, and respond to adverse circumstances.
Who Needs Business Continuity Management?
In this highly competitive market, your customers wouldn’t hesitate to switch to your competitors if you do not have a robust plan or controls in place to safeguard your business.
Ideally, business continuity management is required for all businesses to ensure that their business operations continue as usual in the event of a disaster or after a disaster. Investing in a business continuity plan with disaster recovery can help organizations tackle outages and determine the risks that need to be addressed and mitigated.
- Financial and Banking
What Should a Business Continuity Plan Include?
A business continuity plan ensures that the daily operations should continue without disruptions, even during the time of unexpected events. This plan should cover detailed business processes, assets, human resources, and critical functions to deal with different events.
What Does a Business Manager Do?
A business continuity manager supervises the processes that requires the team to properly coordinate, assess, develop, and communicate the contingency requirements. The expert is responsible for proper data and application recovery during an unanticipated disruption.
Methodology / Approach
01 – Project Initiation– To establish a common understanding of the project’s objectives
02 – Risk Assessment – Analyze potential risks such as human-made disasters (fires and terrorist attacks), natural disasters (floods and earthquakes), communication failure, or system errors. A disaster recovery plan is created according to the presence or absence of potential risks
03 – Business Impact Analysis – Business impact analysis is essential for critical business functions. This involves analyzing the possible loss and negative impact on an organization in the event of a disaster.
04 – Recovery Strategies Development – Identify the recovery strategies for the critical processes
05 – Business Continuity Plan Development – Document the business continuity plans
06 – Business Continuity Plan Testing
EGS’s advisory and technical teams comprise of years of corporate, field, and consulting experience in information security. Our accomplished team allows EGS to demonstrate a vast knowledge of industry standards, benchmarks, and best practices that ensure that the best solution is offered to our clients. Each consultant assigned to the clients is a noted and published expert in their respective fields, with information security, operational risk consulting, and advisory being the sole focus of our practice and not the sideline interest of a general consulting company.
Additionally, EGS assigns a team of professionals’ onsite and can make available a much broader team of exceptionally credentialed operational risk and resiliency experts. These experts come with a background in business continuity management, IT disaster recovery, emergency and crisis management, cybersecurity forensics, and crisis media management strategy at our client’s disposal if required.
Broadly, EGS helps organizations protect and enhance enterprise value in an increasingly complex legal, regulatory, and economic environment. At the same time, EGS offers to consult professionals to help anticipate, illuminate, and overcome complex business challenges. EGS has the reach and expert resources located globally to provide our clients with broader expertise in this area.
Why Should You Consider Implementing a Business Continuity Management and Disaster Recovery Plan?
- It ensures that your operations don’t stop even during downtimes or challenging situations
- It protects your organizational reputation and goodwill by keeping all your clients informed when a disruption happens
- It helps you to comply with legal and regulatory requirements and industry standards
It offers detailed strategies on how your organizations can respond to business disruptions or disasters, as well as targeted recovery time for each core business service and function
- We are part of the world’s leading cybersecurity certification body, EC-Council
- We have highly qualified and experienced advisory and technical teams dedicated to helping organizations all around the world
- We can help you improve your organization’s competency and capability to respond to disruptions, and recover critical systems and business functions within a targeted timeframe
- We can help you safeguard your organization’s brand and image, even during the time of crisis where negative sentiments often accompany the loss of productivity
- We can help you prevent the risks associated with downtime and data loss, as well as achieve sustainable improvements in business and disaster recovery