To assist in your justification
process, the following menu offers
a wide range of solid business
reasons which may apply to your
company. They are offered for
your consideration and usage as
appropriate.
Comply
with your corporate charter
Comply
with internal or external audit
requirements
Meet
legal or regulatory requirements
(Banking, HIPAA, Etc.)
Meet
insurance requirements
Meet
requirements your customers
may need or demand
Reduce
liability exposure to corporate
officers
Provide
a competitive edge in business
proposals
Avoid
intangible loses such as customer
or investor confidence, or the
loss of the competitive edge
Increase
the probability your company
will survive as a corporation
Expedite
return to profitability
Ensure
safety and continued employment
for yourself and employees
QUOTES
FROM PUBLICATIONS
"A Company that experiences a computer
outage lasting more than 10 days will
never fully recover financially. 50
percent will be out of business within
five years."
(Disaster
Recovery Planning: Managing Risk &
Catastrophe in Information Systems"
by John William Toigo, Yordon Press)
"43
percent of companies experiencing disasters
never reopen, and 29 percent close within
2 years."
(McGladrey
and Pullen)
"(after the loss of a computer)
The average loss is 25% of daily revenues
by day 7 and rising to 42% by day 30."
"Disaster recovery plans appear
to be a cost effective, but underutilized
tool."
Paper:
Financial And Functional Impacts Of
Computer Outages On Business Steven
R. Christiansen, Research Associate
Lawrence L. Schkade, Professor
University of Texas Arlington
