How much can a flawed disaster recovery and business continuity plan cost you? Try an average of $90,000 for every hour of downtime among corporations, according to Strategic Research. Whether we're talking a hurricane, flood, terrorism or simply a loss of power, CIOs must consider every worst-case scenario and come up with a comprehensive failover and response strategy. In fact, the survival rate for companies without a disaster recovery plan is less than 10 percent, according to a study from Touche Ross. To lend proper guidance, Janco Associates has come up with the following "Ten Commandments of Disaster Recovery and Business Continuity" list of best practices. They cover a comprehensive range of needs, including proper documentation, information accountability and multiple-testing processes. In other research from Janco in which more than 180 enterprises were surveyed, nearly 67 percent reported that errors in planning accounted for disaster-recovery failures—the top reason cited. The next highest are outdated plans (51 percent), inability to find passwords (37 percent) and insufficient backup power (24 percent). For more about Janco's Ten Commandments list, click here. For more about the survey, click here.
"Thou Shalt Centralize Information." Whether located via SharePoint, a portal or a cloud platform, everyone involved in the recovery must know where the playbook is kept.
This article was originally published on 05-13-2013