Business Continuity (BC) Risk Mitigation Strategies
Business Continuity (BC) Risk Mitigation Strategies : "Developing and deploying BC risk mitigation strategies will help to minimize the impact of disruptive events and will improve response capabilities. Examples of risks and their corresponding mitigation strategies include: (1) Safety risks for various disasters: Leverage ER and/or Health, Safety, and Environmental team and/or operational plans. (2) Operational failures: Leverage standard operating procedures and normal maintenance activities. (3) Loss of primary office: Arrange to move staff members to an alternative office or enable them to work at home, assuming their home is likely to be functional (i.e. not damaged if the event is regional, and home has necessary resources like equipment, computer, network connection, etc).(4) Loss of IT network connectivity: Develop IT system and information recovery (disaster recovery) plans to create network redundancy or recovery. (5) Loss of IT data center: Develop plan to manually perform work processes until IT systems can be restored. Also, develop IT disaster recovery plans to restore IT systems at alternative site". (IIA, Business Continuity Management, July, 2008, pp. 9-10)
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