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Once the crucial components and/or functions are identified, failover mechanisms can be put in place.There are many reasons why your company needs a business continuity plan.
In more details, it discusses the specifics of the BC and DR and the differences between them.
It also gives suggestions how to be prepared for unforeseen risk, and how a good business continuity plan could help your organization.
However, it also addresses more comprehensive planning and focuses on long term or chronic challenges to organizational success.
According to many experts, the first step in business continuity planning is deciding which functions are essential for an organization, and apportioning the available budget accordingly.
Disaster Recovery focuses on the technology part of your business, e.g.
IT, whilst Business Continuity ensures that your business continues even when a major disaster happens.
Business continuity describes the processes and procedures an organization should put in place to ensure that mission-critical functions can continue during and after a disaster.
Business continuity is the ability to maintain operations/services in the face of a disruptive event.
Since all risks cannot be eliminated, companies are implementing disaster recovery and business continuity plans to prepare for potentially disruptive events.
Both processes are equally important as they provide detailed strategies on how business can continue even after severe interruptions and disasters.