Introduction to BCDR
BCDR planning is a critical component of an organization’s overall risk management strategy. These two disciplines aim to help organizations prepare for, respond to, and recover from various types of disasters, including natural disasters, cyberattacks, equipment failures, and human errors. By having a comprehensive plan, companies can minimize the potential impact of disasters on their operations and ensure the continuity of their services. Let us now understand the two main important components of BCDR planning, as follows:
- BC planning is the process of identifying critical business functions, determining how these functions can be maintained or quickly restored in the event of a disaster, and developing plans and procedures to ensure their continued operation. The primary goal of planning is to minimize disruptions to business operations and reduce the potential financial and reputational impacts of a disaster. BC planning involves several key...