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Organizations today rely primarily on digital technologies. It means that threats to the infrastructure and related processes are also threats to the entire organization. These can include infrastructure breakdowns, cyber-attacks, or natural calamities, all of which result in actual damages. Subsequently, a business continuity plan is the best method to reduce them.
According to their functionality, we find the following subcategories within the contingency and business continuity products.
Contingency and continuity plan management tools
They aim to manage an unforeseen crisis optimally promptly, based on impact analysis, thus reducing recovery times and returning to normality.
System Recovery Tools
They facilitate the rapid recovery of systems and applications in a security incident by automating the different steps to be performed.
They provide data storage or information on external media to recover them in case of accidental or intentional loss.
It encompasses the techniques and tools designed to provide rapid deployment of the business infrastructure since it is backed in an external site (cold, temperate, or hot) in case of a loss to minimize the interruption times of the activity.
The Business Continuity Plan ((BCP)) enables you to respond to disaster situations quickly. It determines actions to reduce losses based on identifying critical processes for the company and projections of potential dangers. Simultaneously, it is an opportunity to examine the quality of security and existing procedures in the company, allowing the organization to understand itself better.
The adoption of an effective Business Continuity, Los Angeles Management process for an organization brings advantages in several areas, such as:
Functioning without a well-thought-out Business Continuity Plan is treading on thin ice because crises sooner or later affect most organizations. Disruption of processes essential for the company can lead to actual losses in the form of a decrease in its stock exchange valuation, customer trust, or damage to its reputation as an employer.
Moreover, it is critical to have the Plan and carry it out as consistently as possible and with a healthy dosage of anticipatory skills. Of course, this will not result in the organization surviving every crisis uninjured, but it will gradually reduce the severity of potential losses.
To formulate a successful Business Continuity Plan, preliminary analyses should be carried out:
BIA (Business Impact Analysis) determines the financial and non-financial effects of interruption of processes or services. Business Impact Analysis helps determine which areas are vital to maintaining business continuity in Los Angeles (methods/services, employees, locations, and access to systems). Thanks to it, we can define how long the company can function without critical resources, processes, or services.
In the BIA process, we define two indicators: RTO (Recovery Time Objective) and RPO (Recovery Point Objective). The first specifies the required time to restore operations after a failure. The latter means an acceptable level of data loss from before the collapse.
Risk Analysis is used to identify hazards, potential, and the likelihood of occurrence. The process allows you to assess which of the scenarios of events may have the most destructive impact on the business and also prepares for their affair.
A well-developed Business Continuity Plan is necessary to minimize losses caused by a possible critical situation. It must be preceded by a risk analysis that will allow you to identify potential threats and diagnose the organization’s resistance to them. You can also perform Business Impact Analysis, from which you can determine critical processes for the company and losses that may result from their disruption.
As many process specialists as possible should draft the Business Continuity Plan in Los Angeles. It would be best to carry out tests of established procedures besides updating the plans regularly. A Disaster Recovery Plan should also be prepared for the IT infrastructure, indicating actions to recover data lost due to a critical situation.
You can call us today at (323) 435-1318 or contact us online to find the Business Continuity Services in Los Angeles.EDR