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Consultancy and Planning
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Business Impact Analysis (BIA).
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The first step in developing the plan is to assess each area of the business and how it would cope with a full or partial shutdown. Various formulas exist to estimate the cost to the business over time for each process if it were to fail.
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Risk Analysis.
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Assess the immediate risks to the business from the nine main insurance groups: fire, smoke damage, collision of objects/vehicles into premises, flood/storm, theft/attempted theft, vandalism/malicious acts, escape of water/oil, riot/political disturbance/terrorism and subsidence.
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Develop a prioritised list of business processes, and the plan.
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From the BIA it will become apparent which processes/systems are business critical in terms of operations and directly on the bottom line. The prioritised list will then determine the cost of recovery versus the need for the application/process.
Define which data or systems are most critical, and develop a strategy to back up the information whether it is held electronically or in hardcopy.
Once the areas of concentration have been determined, develop the plan. This should cover actions, escalation points and general communication.
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How prepared are you? Find out from this short assessment... |
| For further information contact Flexsys or call us on 0845 644 2245. |
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