13 Questions
Text
Business continuity (BC) and disaster recovery (DR) are two significant aspects in running and retaining a business. In today's situations, no company can afford to ignore the need for BC/DR planning, regardless of the company size, revenues, or number of staff. The statistics on the failure rate of companies after undergoing a disaster or disruptive event are formidable. Therefore, BC and DR planning are significant for minimizing any unfavorable impacts of disruptive events by systematically determining, prioritizing, and controlling all potential risk factors in such a way. The seamless continuity of business operation despite a catastrophic loss of resources, hence becomes a subject to keep a business continuing to operate and earning money. Although these two terms are often used interchangeably, they are not one and the same. Business continuity planning (BCP) is a technique used to establish and validate a plan for maintaining continuous business operations before, during, and after disasters and disruptive events. BCP has to do with managing the operational elements allowing a business to run normally in order to generate revenue. It is often applied as the concept of evaluating various technology strategies in companies. Financial institutions, credit card processing companies and perhaps some high-volume online retailers usually apply the concept to avoid any downtime.
Business continuity concerns keeping the company running, regardless of the possible risk, threat, or cause of an outage. The BCP will be extremely beneficial for circulating a business when it is implemented along with Disaster Recovery strategy. Disaster recovery (DR) is part of business continuity and concerns the immediate effect of an event. It has to do with terminating the effects of disasters as quickly as possible and addressing the immediate aftermath. They might involve shutting down systems which have been breached, evaluating which systems are affected by a flood or earthquake, and deciding the best way to execute. Hence, recovering from a server outage, server breach, or hurricane are considered as implementing this category. It is worth noting that disaster recovery takes place during and after an organizational crisis or a catastrophe while business continuity also concerns movements prior to the disaster. In BC/DR planning, three core components of business must be involved in continuing and retaining a business. They involve people, process, and technology. They must be treated as an integrated and a holistic entity since they are closely tied together. The better planned processes are, the more reliable the results. For instance, people can rely on well-developed processes for handling various types of emergencies and catastrophic events when they are stressed and business is interrupted. Another part of BC/DR planning is to look at a company's use of technology and understand which elements are vulnerable to which types of disaster. Knowing various vulnerabilities of different technologies in a company might be helpful to mitigate or avoid some of the risks. Clearly, people come into play with the actual and implementation of BC/DR. However, understanding people’ emotional and physical stress should be involved in plan consideration. Indeed, emotional and physical stress may reduce the effectiveness of the BD/DR planning, even the most prepared individuals.
Text
Business continuity (BC) and disaster recovery (DR) are two significant aspects in running and retaining a business. In today's situations, no company can afford to ignore the need for BC/DR planning, regardless of the company size, revenues, or number of staff. The statistics on the failure rate of companies after undergoing a disaster or disruptive event are formidable. Therefore, BC and DR planning are significant for minimizing any unfavorable impacts of disruptive events by systematically determining, prioritizing, and controlling all potential risk factors in such a way. The seamless continuity of business operation despite a catastrophic loss of resources, hence becomes a subject to keep a business continuing to operate and earning money. Although these two terms are often used interchangeably, they are not one and the same. Business continuity planning (BCP) is a technique used to establish and validate a plan for maintaining continuous business operations before, during, and after disasters and disruptive events. BCP has to do with managing the operational elements allowing a business to run normally in order to generate revenue. It is often applied as the concept of evaluating various technology strategies in companies. Financial institutions, credit card processing companies and perhaps some high-volume online retailers usually apply the concept to avoid any downtime.
Business continuity concerns keeping the company running, regardless of the possible risk, threat, or cause of an outage. The BCP will be extremely beneficial for circulating a business when it is implemented along with Disaster Recovery strategy. Disaster recovery (DR) is part of business continuity and concerns the immediate effect of an event. It has to do with terminating the effects of disasters as quickly as possible and addressing the immediate aftermath. They might involve shutting down systems which have been breached, evaluating which systems are affected by a flood or earthquake, and deciding the best way to execute. Hence, recovering from a server outage, server breach, or hurricane are considered as implementing this category. It is worth noting that disaster recovery takes place during and after an organizational crisis or a catastrophe while business continuity also concerns movements prior to the disaster. In BC/DR planning, three core components of business must be involved in continuing and retaining a business. They involve people, process, and technology. They must be treated as an integrated and a holistic entity since they are closely tied together. The better planned processes are, the more reliable the results. For instance, people can rely on well-developed processes for handling various types of emergencies and catastrophic events when they are stressed and business is interrupted. Another part of BC/DR planning is to look at a company's use of technology and understand which elements are vulnerable to which types of disaster. Knowing various vulnerabilities of different technologies in a company might be helpful to mitigate or avoid some of the risks. Clearly, people come into play with the actual and implementation of BC/DR. However, understanding people’ emotional and physical stress should be involved in plan consideration. Indeed, emotional and physical stress may reduce the effectiveness of the BD/DR planning, even the most prepared individuals.
Business Continuity Plan (BCP) is extremely beneficial for circulating a business when it is implemented along with Disaster Recovery strategy.
Disaster recovery (______) is part of business continuity and concerns the immediate effect of an event. It has to do with terminating the effects of disasters as quickly as possible and addressing the immediate aftermath.
DR
They might involve shutting down systems which have been breached, evaluating which systems are affected by a flood or earthquake, and deciding the best way to execute. Hence, recovering from a server outage, server breach, or hurricane are considered as implementing this category.
Disaster recovery actions
In BC/DR planning, three core components of business must be involved in continuing and retaining a business. They involve ______.
people, process, and technology
They must be treated as an ______ since they are closely tied together. The better planned processes are, the more reliable the results.
integrated and a holistic entity
Another part of BC/DR planning is to look at a company's use of technology and understand which elements are ______.
vulnerable to which types of disaster
Knowing various vulnerabilities of different technologies in a company might be helpful to ______.
mitigate or avoid some of the risks
Clearly, people come into play with the actual and implementation of BC/DR. However, understanding ______.
people’ emotional and physical stress should be involved in plan consideration
Emotional and physical stress may ______, even the most prepared individuals.
reduce the effectiveness of the BD/DR planning
Business continuity concerns keeping the company running, regardless of the possible risk, threat, or cause of an outage. The BCP will be extremely beneficial for circulating a business when it is implemented along with Disaster Recovery strategy. Disaster recovery (DR) is part of business continuity and concerns the immediate effect of an event. It has to do with terminating the effects of disasters as quickly as possible and addressing the immediate aftermath. They might involve shutting down systems which have been breached, evaluating which systems are affected by a flood or earthquake, and deciding the best way to execute. Hence, recovering from a server outage, server breach, or hurricane are considered as implementing this category. It is worth noting that disaster recovery takes place during and after an organizational crisis or a catastrophe while business continuity also concerns movements prior to the disaster. In BC/DR planning, three core components of business must be involved in continuing and retaining a business. They involve people, process, and technology. They must be treated as an integrated and a holistic entity since they are closely tied together. The better planned processes are, the more reliable the results. For instance, people can rely on well-developed processes for handling various types of emergencies and catastrophic events when they are stressed and business is interrupted. Another part of BC/DR planning is to look at a company's use of technology and understand which elements are vulnerable to which types of disaster. Knowing various vulnerabilities of different technologies in a company might be helpful to mitigate or avoid some of the risks. Clearly, people come into play with the actual and implementation of BC/DR. However, understanding people’ emotional and physical stress should be involved in plan consideration. Indeed, emotional and physical stress may reduce the effectiveness of the BD/DR planning, even the most prepared individuals.
Study Notes
Importance of Business Continuity and Disaster Recovery
- No company can afford to ignore the need for Business Continuity (BC) and Disaster Recovery (DR) planning, regardless of company size, revenues, or number of staff.
- Statistics on company failure rates after disasters or disruptive events are alarming.
- BC and DR planning are crucial for minimizing unfavorable impacts of disruptive events by identifying, prioritizing, and controlling potential risk factors.
Business Continuity Planning (BCP)
- BCP is a technique to establish and validate a plan for maintaining continuous business operations before, during, and after disasters and disruptive events.
- BCP manages operational elements to ensure a business runs normally and generates revenue.
- It is often applied to evaluate various technology strategies in companies, particularly in financial institutions, credit card processing companies, and high-volume online retailers.
Disaster Recovery (DR)
- DR is part of BC and concerns the immediate effect of an event.
- DR involves terminating the effects of disasters as quickly as possible and addressing the immediate aftermath.
- It includes shutting down breached systems, evaluating affected systems, and deciding the best execution plan.
Core Components of BC/DR Planning
- Three core components of business must be involved in continuing and retaining a business: people, process, and technology.
- These components must be treated as an integrated and holistic entity.
- Well-planned processes enable people to handle emergencies and catastrophic events effectively.
Implementing BC/DR Planning
- Understand a company's use of technology and identify vulnerabilities to different types of disasters.
- Consider people's emotional and physical stress in plan consideration, as it can reduce the effectiveness of BC/DR planning.
- Implementing BC/DR planning involves people, process, and technology working together seamlessly.
Test your knowledge of business continuity (BC) and disaster recovery (DR) planning with this quiz. Learn about the essential aspects of maintaining business operations in the face of disruptions and disasters. Explore the key considerations and best practices for creating and implementing effective BC/DR plans to safeguard your business.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
