Risk Management: Disaster Recovery
In essence, disaster recovery has got to do with protecting an organization against events of a negative nature and their effects/impact. Such events include, but they are not limited to, failure of equipment, serious cyber attacks, and natural disasters such as hurricanes and earthquakes. All these put the operations of the organization at risk. This text concerns itself with practical risk management. In so doing, it will, amongst other things, address the need for disaster recovery and highlight the key components of a disaster recovery plan.
The Need for Disaster Risk Management
The relevance of disaster risk management cannot be overstated. This is particularly the case given that disasters put the continued operations of an enterprise at risk. It is important to note that in the past, many businesses have had to contend with huge losses when disasters strike. This is more so the case when it comes to the ensuing replacement costs of damaged items, storage of retrievable items, business interruption costs, disaster restoration site costs, etc. (Doig, 1997, p. 41). It is for this reason that there is need to invest in disaster preparedness, as this ensures that the impact of disasters on the operations of an entity is minimal. Essentially, disaster preparedness comes in handy in disaster risk reduction; with the latter being an aggregation of all those measures undertaken to bring down or suppress the damage brought about by events classified as disasters. Most businesses find it impossible to continue in operation after disasters strike. This is particularly the case given the huge...
It is for this reason that a number of entities have in place what is referred to as a disaster recovery plan (DRP).
This particular document lays down the procedures, policies, as well as actions that are deemed necessary to limit organizational disruptions occasioned by disasters. In basic terms, a disaster recovery plan (DRP) not only supports, but also aids an organization in its efforts to restore normalcy and, therefore, limit losses as a result of a disaster.
Disaster recovery does not have an assigned definition. This is to say that no definition of disaster recovery has been generally accepted as the universal representative of the same. Various authors have, in the past, given their own definitions of disaster recovery. In this context, the definition suggested by Rodriguez, Quarantelli, and Dynes (2006) will be adopted. Disaster recovery, in this case, is seen as "the differential process of restoring, rebuilding, and reshaping the physical, social, economic, and natural environment through pre-event planning and post-event actions" (Rodriguez, Quarantelli, and Dynes, 2006, p. 237). As the authors further point out, in addition to giving a clear description of the outcomes linked with sustainable disaster recovery, this definition also acknowledges the fact that disasters impact on institutions, groups, as well as individuals differently. In that regard, therefore, the entire recovery process, as Nakagawa and Show; Nigg (as cited in Rodriguez, Quarantelli, and Dynes, 2006, p. 238) point out, "is not linear, nor is it driven predominantly by technical challenges, but rather by social parameters."
Disaster Recovery vs. Business Continuity
Business continuity, in the disaster management and recovery context, describes all those procedures and processes that are set up by a business so as to see to it that business functions seen as being mission-critical are not adversely affected during and even after the occurrence of a disaster. Of key importance in this case is the…
Doig, J. (1997). Disaster Recovery for Archives, Libraries and Records Management Systems in Australia and New Zealand. Wagga, NSW: Center for Information Studies.
EC-Council. (2010). Disaster Recovery. Clifton Part, NY: Cengage Learning.
Rodriguez, R., Quarantelli, E.L. & Dynes, R. (Eds.). (2006). Handbook of Disaster Research. New York, NY: Springer Science & Business Media.
Snedaker, S. (2013). Business Continuity and Disaster Recovery Planning for IT Professionals (2nd ed.). Waltham, MA: Elsevier.
Lynchburg Security Formulating a disaster and risk management is necessary for this jurisdiction. This is based on the knowledge that risk management is a demanding initiative that requires an appropriate and responsive. Satellite units are professionally trained to meet global demands. The Lynchburg, Virginia security system has met federal requirements of quality, and as a result, the system has proved suitable to respond to various hazards experienced in this jurisdiction. This
There is a modern emphasis, which has resulted from the experience of the economic impact of disaster, on a more extensive and 'distributed' mode of thinking about disaster recovery. This is an important factor that should be stressed as it has direct implications in terms of the economic aspects of disaster recovery planning in an increasingly networked and technologized contemporary working environment. This aspect is cogently expressed in a
Disaster recovery refers to the IT components of the business that, in times of a disaster, need to be safeguarded so that business can be continued. Disaster recovery is more a preventive plan set in motion prior to the organization and implementation of the business than a series of actions that are followed once the disaster hits the company. Given that most companies are, to a large extent and in
Risk Management What is Risk?" Please respond to the following: Risk concerns both positive and negative aspects of an event. Analyze why it is important to consider both perspectives when addressing risk for an organization. Include an example to support your response. It is important to consider the positive AND negative sides of any given possible outcome because one cannot properly plan for what is and what is not necessary given a certain
Risk Management in Hedge Funds A research of how dissimilar hedge fund managers identify and achieve risk The most vital lesson in expressions of Hedge Fund Management comes from the inadequate name of this kind of alternative investment that is an alternative: The notion that all methodical risks are differentiated away is not really applicable here, with the Hedge Fund returns, in realism, representing a mixture of superior administration of market
Disaster Recovery Emergency Planning and Disaster Recovery: Technological and Managerial Solutions Federal Emergency Management Agency (FEMA) is a body that is entrusted with alerting, evacuation coordination and managing disaster situations. Their website http://www.fema.gov/emergency-alert-system-eas deals with emergency issues and how response to disasters are usually undertaken by the agency. This portal in particular covers the use if technology to advance alert systems to the general public during and impending disaster. The alert system