Continuity Planning Essay Example | Topics and Well Written Essays - 750 words

tenacity Planning - Essay ExampleThe actions to be productionn to tame items likely to be partially disturbed or fully disturbed ar determined. The anticipated repercussions are in any case discussed. In the interest of the comp any(prenominal), if the catastrophe recovery is to be effective, the plan of action has to be sporadically studied and modified as and when necessary.In other words, Continuity Planning emphasizes the requirement to safeguard the companys structure, asset, wealth, temper and image. Apart from natural chances like illness, fire, earth quake etc, attacks by terrorists and attacks on the information technology systems by viruses are also looked into.The chief objective of Continuity Planning is non still to prevent the disaster but to ensure normal functions of the company in the event of a disaster with bare borderline loss of time, material and money. That is important. Obviously Disaster Recovery Planning is a part of Continuity Planning. In fact they go together.According to statistics, man-made and natural disasters construct increased considerably. The company authorities have realized the importance of taking necessary steps. An adversity can strike an establishment at any time. Prevention is always better. But it may not be possible always. What to do if a disaster crops up Or what should have been done in anticipation of it The directors of the company turn their eyes to Continuity Planning, which is a soma of risk management, for building security. Continuity planning has replaced disaster recovery planning. If it is pick out sensibly, not only the enterprise can survive the onslaught but it can also terpsichore back majestically. Continuity Planning Audits have the ability to participate in the Continuity Planning actively for the good of the company. They are also capable of identifying a companys financial loopholes.Destruction caused by disaster is only a part of the story. There are other more critical probl ems - Losing data, losing melody, losing customers, losing reputation, losing money, relocation, repairs are only slightly of them. All these give everlasting nightmare to the company. That apart, the company is answerable to shareholders, employees, clients and so on. It should have been the companys responsibility to take precautionary measures. The company may be taken to task legally by the shareholders. All these factors furnish to the concern of the company management.According to Pat McAnally, director of marketing at SunGard Planning Solutions in Wayne, papa (Rodetis, 1999), Professional service companies are starting to appreciate and protect the intellectual capital of a business. Any company without Continuity Planning will fail to meet its statutory obligations and the company may be penalized for neglecting continuity planning. So most of the companies are seriously adhering to it.Pat McAnally (Rodetis, 1999) says, Contingency plans are also a regular part of requir ements by the office of the comptroller of the currency.Continuity Planning is for preserving and defend all the records and valuables of an enterprise such that the company can go ahead with its operations without any sort of hindrance. Taking steps to minimize risk is far reasonable than recovering from a mishap. Each bite of idle time of man, machinery and other equipment in an organization amounts to waste of money. If such a situation is not put under control the company runs the risk of closing down. The biggest headache of a manager is undoubtedly