Remove Blog Remove Impact Analysis Remove IT Recovery Remove Outage
article thumbnail

Unlocking the Truth: Navigating 20 Myths About Business Continuity

Erwood Group

Section 1: The Scope of Business Continuity Myth 1: Business Continuity is Only About IT Disaster Recovery or DR. Contrary to popular belief, business continuity extends far beyond IT recovery. In times of crisis, a comprehensive business continuity plan ensures that every facet of the organization is resilient.

article thumbnail

Separating the Best from the Rest: An Analysis of Why Business Preparedness Is Critical in an Uncertain Future

Erwood Group

Even a trader was impacted by a power loss at his home. Due to the outage, he was unable to execute a trade to exit a position and lost $70,000.00 ASSESSING THE FINANCIAL IMPACTS OF BUSINESS DISRUPTIONS. Many organizations skip the Financial Impact Analysis. in a single day. Tessco Technologies. This is a mistake.