Time is money… especially when it comes to what you lost

A truism if ever there was one. In particular, downtime costs. And the costs are not necessarily purely financial.

The cost to your reputation could be equally damaging - in some cases even more so.

But how much does downtime actually cost, and how much should we therefore be investing in risk mitigation measures and contingency arrangements?

A business impact analysis will provide the answers to the question “How much do we stand to lose?” In addition it will identify critical resources and recovery/continuity requirements over time.

As a result, you’ll be in a position to make informed decisions on how much you should invest in solutions, and develop an appropriate business continuity strategy for your business, rather than taking a “finger in the air” approach.

If you would like more tips on Business Continuity go to www.practicalbcm.co.uk for details on how to buy Practical Business Continuity Management by Andy Osborne.