This plan is not intended to cover the operations of ’s separately structured Emergency Response Team. The plan is designed to contain, or provide a reference to, all of the information that might be needed at the time of business recovery. In the event of a disaster which interferes with ’s ability to conduct business from one of its offices, this plan is to be used by the responsible individuals to coordinate the business recovery of their respective areas and/or departments.
These failures might be in the business processes, in the physical facilities or in the IT hardware or software.Ĭontinuous operations: Safeguard the ability to keep things running during a disruption, as well as during planned outages such as scheduled backups or planned maintenance.ĭisaster recovery: Establish a way to recover a data center at a different site if a disaster destroys the primary site or otherwise renders it inoperable.
High availability: Provide for the capability and processes so that a business has access to applications regardless of local failures. There are three primary aspects to a business continuity plan for key applications and processes:
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Manual workarounds should be outlined in the plan, so operations can continue until computer systems can be restored.
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The plan should cover how to reestablish office productivity and enterprise software so that key business needs can be met. Plans may provide detailed strategies on how business operations can be maintained for both short-term and long-term outages.Ī key component of a business continuity plan (BCP) is a disaster recovery plan that contains strategies for handling IT disruptions to networks, servers, personal computers and mobile devices. Plans can also identify plan administrators and include contact information for emergency responders, key personnel, and backup site providers. Plans typically contain a checklist that includes supplies and equipment, data backups, and backup site locations. It’s more comprehensive than a disaster recovery plan and contains contingencies for business processes, assets, human resources, and business partners – every aspect of the business that might be affected. Thus, the short-run cost is treated as a variable cost.A business continuity plan (BCP) is a document that outlines how a business will continue operating during an unplanned disruption in service. Thus, all the cost incurred on the variable factors such as labor and raw material constitutes the short-run cost.įrom an analytical point of view, the short run costs vary with the change in the total output, but however, the size of the firm remains the same. Such as, the company can employ more labor or purchase the raw material in bulk, but however, the plant size or the machinery cannot be altered to enhance the production capacity of the firm. Some factors remain fixed due to the time constraints imposed on a company.įor example, Suppose a company observes a sudden surge in the demand for its goods and in order to meet the increased demand in the short-run, it can increase its level of output only by varying the variable factors. The short-run cost includes both the fixed cost (that do not change with the change in the level of output) and variable cost (that varies with the variations in the level of output). Therefore, in the short-run, the level of output can be increased only by increasing the variable factors such as labor, raw materials while the other factors such as capital, plant size, remains unchanged.
In a short-run, at least one factor of production is fixed while the other remains variable.
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