Improve your Business Continuity Strategies tip 4 – Compare costs

‘When planning for war, I have always found plans to be useless, but planning to be invaluable.’ General Eisenhower

These ten tips will hone your skills at devising business continuity strategies for your organization.

Tip# 4 Compare the cost ranges, as well as the relative merits, of implementing each strategy

Eliminate any methods that will not meet your BIA requirements. Decide on your top priorities (up front investment, annual fees, costs during event, time to implement, reliability, etc) and rate each strategy accordingly.

Understand current and future operational initiatives that could be linked to business continuity. Leverage new initiatives wherever possible. Be prepared to explain where and why any initiatives do not align with your business continuity strategy.

Return tomorrow for our next tip on Business Continuity Strategies.

(For more information on DRI’s professional practices please read Professional Practice One – Program Initiation and Management DRII Professional Practices  June 1, 2012 Version 1)

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