Cash Flow Analysis For Disaster Recovery And Emergency Preparedness Planning – Natural disasters and cyber threats can wreak havoc on your business. But what about theft, equipment failure or extended power outages?
There is no end to the events that can cause extended downtime and significant loss of revenue. Having a foolproof disaster recovery plan helps mitigate business interruptions and gets you back up and running faster.
Cash Flow Analysis For Disaster Recovery And Emergency Preparedness Planning
You can’t afford not to have a disaster recovery plan. However, creating one can be a real pain. Today, we’ll outline the steps you need to take to design a seamless disaster recovery plan that can save your business—and help you sleep better.
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A disaster recovery plan, or DRP, is a set of policies and guidelines that help your business recover quickly from a disruptive event. DRPs are designed to avoid downtime, quickly resume business operations, and avoid significant loss of revenue or data in the event of an emergency. A disaster recovery plan is not just an insurance policy, but an action plan.
Although a DRP can encompass a wide range of processes and tools, today we will focus on its impact on information technology (IT) applications.
What are the essential elements of a typical disaster recovery plan? Although DRPs can quickly become overwhelming, here are 11 disaster recovery plan steps that will put you well on your way to a workable plan.
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It is very important to be aware of a “single failure” risk, such as data loss. Has your business been the target of a cyber attack, or is your geographic location prone to natural disasters? Record known and potential risks and prioritize them.
Using outdated hardware and software is a common weakness. Older IT systems can expose you to security risks, especially if they are not properly maintained. Consider upgrading your legacy infrastructure to improve security and efficiency.
What business processes and applications are important to your operations? If you had to prioritize your restoration efforts, what would you do first? Conducting a business impact analysis (BIA) anticipates the consequences of a business disruption and gathers the data you need to develop a recovery strategy.
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In the event of a disaster, at what level would you set your recovery objectives? How much can you afford to lose? The following metrics are commonly used to define recovery goals in a DRP:
Did you know that over 140,000 hard drives fail every week in the US? But few businesses back up their data regularly—or properly. When disaster strikes, restoring critical data, applications and servers is essential to your businesses survival.
The combination of on-premise hardware, local backup and cloud storage ensures recovery from both small and large data loss incidents. Many businesses use managed service providers to manage their backup and recovery systems to protect their data and critical assets.
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Who decides what actions to take and when? What is the chain of command for adopting recovery measures? Identify specific disaster situations in which disaster recovery protocols will be activated and by whom.
Make sure you have current contact information for recovery personnel. After executing the DRP, prioritize notification to management and key stakeholders.
Will you call your entire IT department into action or a specific subset of staff? The number of respondents will vary from business to business.
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Remember Rule P5: Advance preparation prevents poor performance. Establishing procedures and then training responsible “hit squad” personnel is a must.
The most effective disaster recovery plans are constantly reviewed, tested and updated for the best results. Your DRP should evolve with your business needs and processes, requiring periodic testing to ensure the proper implementation of changed recovery strategies.
Additionally, the test gives employees the opportunity to practice implementing the plan, minimizing errors and improving their confidence in activating the emergency plan.
Pdf) Emergency Resource Allocation For Disaster Response: An Evolutionary Approach
Once you have completed your disaster recovery plan, create a distribution plan and ensure that all personnel and stakeholders have access to copies as needed.
Having a foolproof disaster recovery plan is not a “one and done” process. As personnel, systems and technology change, so does your DRP. Effective maintenance of a disaster recovery plan requires documenting changes as they occur to keep them accurate and relevant.
Extended downtime can be a business killer. Having a tested disaster recovery plan will help your business recover faster.
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Quick action reduces data loss when you activate your DRP. The longer a disaster situation goes unchecked, the more sensitive data (and revenue) you lose.
A business that undergoes any catastrophic loss can become a target of the press, raising concerns about compromised customer information. Data breaches create opportunities for competitors who are only too happy to jump in and take advantage of the disastrous situation.
Most importantly, speedy resolution of security incidents gives your customers confidence that their sensitive information is safe. Customer trust is priceless. While customer retention can be expensive, losing trust can be permanent.
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The more data you lose, the more it will cost to replace it – if it can be replaced at all. When staff work overtime to restore systems and information, costs can add up quickly.
Creating an effective disaster recovery plan often requires businesses to take a lengthy physical inventory of their assets—and that’s a good thing! Keeping accurate records of your hardware and software is helpful, especially in the event of physical damage or irreversible theft.
If your business is subject to regulatory compliance standards, it is your responsibility to maintain appropriate security measures. Your business may face fines and penalties for not complying with these requirements.
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Not having an actual disaster recovery plan for your business can (and should!) keep you up at night. Why risk disaster or irreversible loss when investing in a DRP has so many benefits?
You know what they say about an ounce of prevention, right? Disaster prevention is a critical part of disaster recovery, reducing the severity of events when they occur.
Does the thought of creating your own disaster recovery plan make you nervous? You are not alone. Creating and maintaining a DRP is often too complex and expensive for most small and medium-sized companies to manage independently.
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Being proactive in your disaster recovery plan doesn’t mean everything has to fall on your shoulders. Partnering with a managed IT service provider to build your DRP can provide the help you need to create a workable solution that ensures long-term security… and fewer sleepless nights.
Don’t put off doing your DRP for another day. Get in touch today to learn how you can recover from disaster faster. Open Access Policy Institutional Open Access Program Special Issues Editorial Process Guidelines Research and Publication Ethics Article Processing Awards Testimonials
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How States Can Manage The Challenges Of Paying For Natural Disasters
By Hafiz Suliman Munawar Hafiz Suliman Munawar Scilit Preprints.org Google Scholar 1, Ahmed W. A. Hammad Ahmed W. A. Hammad Scilit Preprints.org Google Scholar 1, S. Travis Waller S. Travis Waller Scilit Preprints.org Google Scholar 2, Muhammad Jamaluddin Thaheem Thaheem Scilit Preprints.org Google Scholar 3, * and Asheem Shrestha Asheem Shrestha Scilit Preprints.org Google Scholar 3
Geelong Waterfront Campus, School of Architecture and the Built Environment, Sealed Bag 20001, Deakin University, Geelong, VIC 3220, Australia
Received: 23 May 2021 / Revised: 1 July 2021 / Accepted: 7 July 2021 / Published: 15 July 2021
Turkey Syria Earthquake
Rapid advances in improving flood management have facilitated disaster response by providing first aid services, finding safe routes, maintaining communications and developing flood maps. Various technologies such as image processing, satellite imagery, synthetic imagery, and integrated techniques have been extensively reviewed in the disaster operations literature. Innovative flood management technologies should be evaluated. This paper presents an overview of the latest developments in the field of flood management based on image processing, artificial intelligence and integrated approaches with a focus on post-disaster. It answers the following research questions: (1) What are the latest developments in image processing for flood management in a post-disaster scenario? (2) What are the latest techniques for flood management based on artificial intelligence in a post-disaster scenario? (3) What are the existing gaps in selected post-disaster technologies? (4) How authorities can improve existing post-disaster management
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