To develop business continuity and disaster recovery plan for mid Thesis - 1

To develop business continuity and disaster recovery plan for mid sized companies - Thesis Example Moreover, the need for effective business continuity plan and disaster recovery plan is driven by regulatory requirements, customer demands, new business practices and changes in technology. It is very important to maintain customer confidence as well as competitive edge in these days of uncertainty. It is also necessary for companies to guarantee customers that their business is up to the task and running and it will not cause them to fail to produce and deliver products to their end customers in the event of a crisis. In this global world, vendor continuity management has become a vital part for business continuity. ABC has achieved worldwide status as a major supplier to electronic companies throughout the world. As a consequence, many companies depend upon ABC for their supplies. It is ABC’ responsibility to take this dependency very seriously and plan for situations which could impair ABC’ ability under adverse conditions to respond to our customers. As part of ABC’ responsibility to avoid an adverse condition, pro-active steps are taken, such as maintaining good housekeeping, non-overloading and periodic measuring of electric power circuits and periodic maintenance of sprinkler systems, etc. Preventive steps are a cornerstone to prevent self induced hazardous conditions that can result in a disaster. However, there may be situations that are beyond the control of ABC, such as flooding due to hurricanes or other events of nature. Regardless of the cause, it is imperative that lost production be recovered as quickly as possible to minimize customer difficulties. Therefore, our actions for recovery should also include timely communication to our customers to apprise them the expected delivery situation and what is to be expected in the future. Any business continuity and disaster recovery plan is made using a certain framework or methodology that makes that whole process systematic and easy to create and then