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Business Continuity Awareness Week - Day 1

 

 

 

 

In the context of BCAW2019, ContinuityMauritius will be posting an article each day during the week to raise awareness on some key aspects to consider for the design and implementation of a Business Continuity  programme that delivers organisational resilience.

BCAW2019 Post of the day:

Insourcing vs Outsourcing Business Continuity Management (BCM): Beware of hidden costs and pitfalls

The value of an effective BCM is becoming more widely appreciated as companies take sustainability more seriously. There are various factors that need to be taken into consideration when deciding on a Business Continuity strategy. 

To many companies, it initially seems as though insourcing their BCM makes the best sense; they reason it will be cheaper, everything will be under their control and they do not risk compromising data confidentiality. But in many cases these initial assessments fail to take into account the hidden costs and pitfalls of insourcing. Before making a decision, companies should consider the following:

Hidden financial costs - Building and equipping a recovery facility requires both capital and operating budget. Organisations should also not forget the expense of maintaining the equipment and facilities, as well as renewing the technology. Alternatively, removing expensive BCM infrastructure from the balance sheet is likely to be desirable, and syndication via an outsourcer invariably reduces costs substantially.

Hidden personnel costs - It’s unlikely your staff has the necessary specialist BCM expertise, so these skills will have to be acquired—at a cost. Almost certainly, extra staff will have to be hired as an effective BCM programme is complex and ongoing. And don't imagine that your existing management capabilities (such as facilities management) will be able to absorb the extra work without hiring extra staff.

Hidden Complexities - Commissioning a failover datacentre and a Work Area Recovery facility is not easy. It requires a lot of planning ahead to ensure it fulfils the business continuity strategy currently in place. It is also hard to develop the right Business Continuity Plan in line with the company’s strategies and risk appetite, and putting in place the complex business processes needed to ensure that, in the event of a disaster, the business can recover. What happens if the only or one of your key BCM resources is ill or away when a disaster happens? And, most important of all, are you testing the BCM solution regularly, and feeding the results back into the plan to ensure continuous improvement? Chances are that you aren't, simply because the time is never right, and today’s business is always the priority.    

An Opex model allows you to conserve cash and focus your internal resources on strategic initiatives.

 

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Torrential Rain Threats require Business Continuity Planning

The frequency and intensity of torrential rains and sudden weather changes causing flash floods are on the rise.

These threats can cause your premises to become inaccessible and disrupt your operations, impacting your services, financial performance, reputation as well as the inability to meet your contractual and regulatory requirements.

There isn’t just natural disasters; fire, cyber threats, technology and human failures can all disrupt your business.

Having an up-to-date and fully tested Business Continuity Plan would proactively prepare you for all these challenges and enable you to continue business operations in the event of a disruption.

ContinuityMauritius is the leading specialist Business Continuity Company offering an unparalleled depth of skills and experience in Disaster Recovery and Business Continuity. We offer proven end-to-end business continuity solutions encompassing Advisory on the implementation of best practice business continuity programmes, Trainings, ICT Recovery and Work Area Recovery facilities and infrastructure.

Our fully equipped Recovery Centre is maintained in a constant state of readiness in order to ensure rapid occupation by customers whenever needed.

Because we are syndicating most of the infrastructure such as Utilities, Generators, UPS systems, Skills, Security, Building Management etc., we can offer our services as an operational expense far more efficiently than a capital-based expense typical of in-house built facilities.

Call us now to learn more on our services and solutions on 403 6800

or by email info@continuitymauritius.com.


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