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Home » Business Strategy Alignment » Is It Cost that Prohibits You from Having a Disaster-Recovery Plan in Place?

Is It Cost that Prohibits You from Having a Disaster-Recovery Plan in Place?

February 4, 2011
MultiChannel Merchant

Do you have an adequate business continuity/disaster recovery (BC/DR) plan and system in place? Most operations think they do, but it's often not the case.

Most companies are inadequately prepared - particularly for scenarios in which there is a loss of the mainframe or server farm. Of course, facilities can be damaged or destroyed by natural disasters.

Concerns about costs, as well as the "it can't happen to us" mindset, prevent many companies from addressing these crucial issues. A 2010 survey by Forrester found that companies are allocating on average a relatively modest 6 percent of IT operating and capital budgets to BC/DR, although 32 percent reported plans to increase this spending by at least 5 percent.

But sufficient investment in well-researched, prudent BC/DR plans and systems is a must for all businesses.

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    KEYWORDS Business Strategy Alignment Global Supply Chain Management Retail SC Security & Risk Mgmt Supply Chain Analysis & Consulting
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