Contingency Plan For Business

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Weak password usage, data backup policies and the misuse of digital devices are all potential risks that a contingency plan needs to address.

In its risk management study, IBM highlighted this area of IT risk: "The greatest single cause of both disruption and economic impact is human error – which is not an issue that IT alone can address.

They don't normally get past the idea of backing up their server.

Contingency is more about working through the process of how to recover and how fast you will be able to recover, and the costs associated with such."So contingency planning is a vital component of how a successful business is run today.

If you’re pre-launch or have only recently gone to market, a contingency plan is likely to be the last thing on your mind; after all, your efforts are focused on making your business a success, and not necessarily thinking about what could go wrong.

But unexpected situations can interrupt the launch of a business and disrupt normal operations.

Rank your risks Think about the risks that your IT faces. What steps or processes could be put in place to reduce or eliminate each risk? Write your IT contingency plan Once your business understands the IT risks it faces, writing a contingency policy document should include clear steps that should be taken if any of the events you have identified occur.5.

Test your contingency plan It is critical that the plan of action your business has developed is tested.

Indeed, a survey carried out by the Chartered Management Institute and the Cabinet Office revealed that less than half of the businesses affected by the event at Buncefield had any kind of contingency planning in place.

David Fisk, sales director, Quorum EMEA, told Tech Radar Pro: "For most small businesses, it is not an area of IT contingency, but the overall concept of contingency.


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