article thumbnail

10 Disaster Recovery Plan Mistakes to Avoid for Your Business

Erwood Group

A disaster can take many forms, such as: A cyber attack A natural disaster like a flood or earthquake A power outage A disaster recovery plan is a critical component of a business continuity plan or BCP meaning it’s essential for ensuring the survival of a business in the event of a crisis. employees, consultants) Loss of property (e.g.

article thumbnail

Everything You Need to Know About Business Continuity Plans

Erwood Group

This is also a method similar to that in emergency management as All-Hazard planning. Some managers have authority and experience as to when to invoke all or parts of a business continuity plan. Business Continuity Plan Owners are generally responsible for coordinating the team members and managing the invocation of the BCP.