130 King Street West, Suite 1800 | Toronto, ON | M5X 1E3
416.865.3392

Tri-Paragon Inc.

Risk Assessment for Disaster Recovery and Business Interruption Planning

Tri-Paragon Inc. 130 King Street West, Suite 1800, P.O. Box 427, Toronto, ON Canada M5X 1E3              

Phone: 416.865.3392 Email: info@triparagon.com

 

(The science of performance)

“If you think it is expensive to hire a professional to do the job, wait until you hire an amateur” Red Adair

 

 

Unplanned Business Interruptions

Disaster Recovery Plan Consists of 2 primary inputs- Business Impact Assessment and Risk Analysis

Business Impact Analysis and Risk Assessment are both important components of BC/DR Plans. However, Business Impact Analysis should be carried out before attempting Risk Assessment. Once both these components are in place, it is easier to formulate a sound strategy and plan for Business Continuity / Disaster Recovery.

The four most important risk scenarios that affect business operations of an organization are:

  1. Production site is partly or fully destroyed or cannot be accessed
  2. Loss of data and / or other critical records
  3. Loss of IT functions due to application software errors, glitches, viruses, power outages etc.
  4. Loss of skills due to incapacitation, pandemics, death or mission-critical staff leaving for greener pastures

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