Justification

To assist in your justification process, the following menu offers a wide range of solid business reasons which may apply to your company. They are offered for your consideration and usage as appropriate.


    Comply with your corporate charter
    Comply with internal or external audit requirements
    Meet legal or regulatory requirements (FFIEC, HIPAA, SOX, Etc.)
    Expand Government Emergency Response Plans to include recovery and resumption of your daily government functions
    Meet insurance requirements
    Meet requirements your customers may need or demand
    Reduce liability exposure to corporate officers
    Provide a competitive edge in business proposals
    Avoid intangible loses such as customer or investor confidence, or the loss of the competitive edge
    Increase the probability your company will survive as a corporation
    Expedite return to profitability
    Ensure safety and continued employment for yourself and employees

QUOTES FROM PUBLICATIONS

"A Company that experiences a computer outage lasting more than 10 days will never fully recover financially. 50 percent will be out of business within five years."
(Disaster Recovery Planning: Managing Risk & Catastrophe in Information Systems" by John William Toigo, Yordon Press)
"43 percent of companies experiencing disasters never reopen, and 29 percent close within 2 years."
(McGladrey and Pullen)
"(after the loss of a computer) The average loss is 25% of daily revenues by day 7 and rising to 42% by day 30."

"Disaster recovery plans appear to be a cost effective, but underutilized tool."
Paper: Financial And Functional Impacts Of Computer Outages On Business
Steven R. Christiansen, Research Associate
Lawrence L. Schkade, Professor
University of Texas Arlington