26 Feb 2018

Laura Zverko

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An effective disaster recovery plan is an essential component in business strategy. In any industry – and, in particular the alternative investment sector – downtime can be fatal, not just to reputation but to performance too. An effective disaster recovery plan helps to ensure business continuity by avoiding the kind of downtime that can bring operations grinding to a halt.

Thorough risk assessment

The preparation of a disaster recovery plan involves a thorough assessment of the current risks that the business faces. From unpredictable fire or flood, through to issues with employees and network security, identifying the potential disruptors to business continuity is an essential part of effective disaster recovery planning. It is often only through this processes that businesses come to appreciate what their individual risk landscape really looks like.

Mitigating against those risks

Pre-planned disaster recovery is an essential component in reducing downtime because it enables mitigation to be put in place against risks that have been identified. What steps need to be taken to provide as much protection as possible for the business, given the risks that have been identified – and what can be done to mitigate against those risks that are more difficult to predict?

Restoring service in the event of disruption

Ultimately, it is only the resource of a disaster recovery plan that will provide clear direction in the event of serious network disruption. If there is no such framework it may be impossible to identify where the issue has arisen and there will be no clear path for management to take to restore business continuity. However, where there is a disaster recovery plan in place it is far easier for businesses to get key systems up and running and to ensure that everyone with influence knows what to do should the worst arise.

How to create a disaster recovery plan

There are three key components to any effective disaster recovery plan:

  • Carry out Business Impact Analysis. This will enable you to identify the critical areas of the business when it comes to facilitating recovery – and who the key people are that need to be involved.
  • Create a physical plan that others can consult. Disaster recovery planning is not sufficient expressed as a concept or idea, it needs to result in a tangible plan that can be shared with others and consulted in the event of a crisis.
  • Identify secondary measures. In addition to the actions of those within the business it will also be important to ensure that you have other options if your network is compromised, such as virtualisation of files from which to restore systems.

For any business, it will be the people who implement the disaster recovery plan who are the key to its effectiveness. So, training will also be essential to ensure that downtime is minimised no matter what takes place.

To find out more about disaster recovery planning for your IT, as well as the key components that could make this effective, contact a member of our specialist team.

Author: Laura Zverko - Follow us on Google+

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