What is this service?
Business Continuity Planning (BCP) and Disaster Recovery Plan (DRP) is the advanced planning and preparations necessary to identify the impact of potential loss, formulate and implement viable recovery plans that ensure continuity of business services and administer a comprehensive training, testing and maintenance program.
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Why is this services required?
There are many uncertainties that could influence your organization’s ability to serve and survive. Events such as loss of power, lack of access to your building, inoperable vehicles, loss of Internet connection and e-mail, or the sudden departure of your executive director or board chair could cause disruptions to business.
When normal business operations are interrupted, an organization uses its business continuity plan to prevent disruption of the delivery of mission-critical services. Regardless of the type or severity of business interruptions, the delivery of services to customers should not be interrupted. Your customers are able to receive needed services and your organization is able to continue to meet its mission. All organizations should have a BC Plan in order to ensure the organization's longevity. Evidence shows that firms that do not invest enough time and resources into BCP preparations cannot survive disasters.
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Pre-requisites from the Customer
- All established process, sub processes, procedures including the resources (people, equipment, hardware, software, etc.) required to run these processes
- Established and documented organization wide standards, policies and procedures
- Top Management mandate and support for the Business Continuity Management lifecycle.
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Customer Benefits
Some of the benefits of Business Continuity Planning and Management are below
- Fulfill moral responsibility to protect employees, the community and the environment.
- Compliance with regulatory requirements of federal, state and local agencies.
- Enhancing an organization’s ability to reduce financial losses, regulatory fines, loss of market share, damages to equipment, or disruption to service delivery in the event of a business interruption.
- Reduction in exposure to civil or criminal liability in the event of an incident.
- Enhancement of organization’s image and credibility with employees, clients, vendors and the community.
- Reduction of organization’s insurance premiums.
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Paramount Service delivery process
Paramount follows highly structured development of a BCP which has five main phases: analysis, solution design, implementation, testing and organization acceptance, and maintenance.
Analysis
- The identification of scope for Business Continuity planning
- Conducting the Business Impact Analysis and Risk Assessment
Solution Design
- Development of Business Continuity Strategies
- Conducting a Cost-benefit analysis of these strategies
- Selection of the best suitable Business Continuity Strategy for the organization
Implementation
- Creation of the Business Continuity Plan Manual
Testing and Acceptance
- Testing of the Business continuity plan to verify the suitability to the organization.
- Acceptance of the BC plan organization wide
Maintenance
- Maintaining the BC plan by making changes to it based on the test results, working environment, process change, etc.
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Deliverables
- Business Impact Analysis Report
- Risk Report
- Business Continuity Strategies & Cost Benefit Analysis Report
- Draft Business Continuity Plan and Disaster Recovery Plan Manual
- BCP/DR Testing Methodology and Templates
- Final Business Continuity Plan and Disaster Recovery Plan Manual
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