KatieM | Saturday, March 13th, 2010 | No Comments »
Any business can suffer a major disaster. It could be the result of changed government policies, a natural phenomenon, an economic recession, or a problem with the product you sell. In any case, as a business manager your job is to ensure your business recovers from the disaster as quickly as possible. Follow these steps to preparing for a disaster and you will do well in the event one should occur:
- Prepare by predicting problems and evaluating the costs to business. Will a hardware problem be considered a disaster? If so, how much will it cost in revenue and man hours. If possible, ensure against these risks at the level of cost they pose.
- Qualitative and quantitative assessments of risks should be presented with the understanding that risk equals your assets multiplied by your threats multiplied by your vulnerability.
- Business continuity planning can reduce the chances of business interruptions caused by disaster. A good BCP team should combine technical know-how with business leadership skills.
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Posted in Business