Business Recovery Strategy
Recovery Strategies (RS) are used to respond to business impacts outlined in the BIA. What considerations should be in place in addition to the BIA? Should the CPC be factored in to the strategy? How does leadership reflect upon the Recovery Strategy?
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The Business impact analysis is a technique used to identify what consequences a business is likely to suffer in cases of disruption .It therefore seeks to develop strategies for recovery in occurrences of disruption. These disruptions include damage or expiry of goods or even breakdown of machinery or the vehicles used in delivery of goods.BIA tends to consider delayed and lost sales or income, Increased expenses, regulatory fines and Contractual penalties. It also seeks to strategize on recovery of lost contractual bonuses, dissatisfaction of customers and delay of new business plans. It would be better to include methods of preventing …………………
APA
354 words
