Each phase of the BCP process which incurs a cost requires that a budget be prepared and approved. The 'Preparing for a Possible Emergency' Phase of the BCP process will involve the identification and implementation of strategies for back up and recovery of data files or a part of a business process. Critical parts of the business process such as the IT systems, may possibly require expensive back up strategies to be implemented. Where the costs are significant they should be approved separately with a specific detailed budget for the establishment costs and the ongoing maintenance costs.
This section of the BCP will contain a list of the Back-up and recovery strategies and a cost for each. It should be noted whenever part of the costs is already incorporated with the organisation's overall budgeting process.
(To complete the relevant section of the Business Continuity Plan, click here)
This information is derived from the BCP Generator
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