This post is one in a series designed to help SME businesses benchmark their business and create a best practice business improvement plan across all of their business processes. You can find the links to the full series here.
A disaster recovery plan (DRP) is a documented process or set of procedures to recover and protect a business in the event of a disaster.
The plan specifies all the procedures to be followed in the event of a disaster.
Many people think of a DRP in relation to IT (technology) disasters however it also needs to cover physical disasters such as fire and flood and also loss of key personnel,
How does your business measure up?
Review your business against this best practice benchmark now
BEST PRACTICE BENCHMARK: We have a clearly documented risk management and disaster recovery plan in place which is reviewed on an annual basis as part of our business planning process #risk
Here’s a checklist to help you determine how well your business meets this benchmark.
- We have a written Disaster Recovery Plan (DRP) which details actions to be taken in the event of a disaster event (physical, technology and personnel)
- The DRP is reviewed and updated annually as part of our business planning process
- A physical copy of the DRP is held off -site (either in a safe deposit box or at the office of our accountant, insurance advisor or legal advisor)
- All key staff members know where to access the DRP in the event of an emergency.
- Our DRP is consistent with our insurance program, it is reviewed annually by our Insurance Advisor and contains details of all insurance policies.
- Our DRP is consistent with our IT Security program, it is reviewed annually by our Technology Advisor and contains details of what actions should be taken in the event of a technology disaster.
- Our DRP is updated as required in discussion with our Technology and Insurance Advisors in the event of the identification of new risk factors.