From minor incidents to major disasters, there is no doubt this event will have a financial impact on your business. To evaluate the cost to your business you need to work out the following:
Regardless of how robust your disaster recovery plan is, the success of its implementation will depend on the team that is responsible for it.
Structure your team by ensuring your selected member’s skills match the areas of responsibility. Below is a list of the key team members required and what they should be responsible for. In every case, there should be a primary and secondary member, both of whom will need to be equally briefed.
When creating your disaster recovery plan, pre planning is vital. Follow these 3 steps to ensure you have all the elements to design a robust disaster recovery strategy.
According to AXA Insurance, 80% of businesses affected by a major incident, either never re-open, or close within 18 months.
Having a robust disaster recovery and business continuity plan, minimises this impact on the business and ultimately, the customer. Therefore, not only is disaster recovery planning important for you, it is important for your customers.
There are many terms that we come across every day in the power industry. Some are acronyms and others are industry terms. For the obvious to the ambiguous here are our thoughts.
This will be a post that we’ll update every time we think of any others. And if there is anything you’d like us to add just get in touch…
The last few weeks has seen media frenzy with soaring energy prices and a winter of blackouts predicted. The chances are you’ve reviewed your business continuity plan to make sure you’re safe but here’s some food for thought about how you can protect your business against the unknown.
In 2006, thousands of businesses were blacked out in Central London for several hours due to a fault at a power sub-station. In California blackouts were experienced across the State caused by an unprecedented usage of air-conditioning units.
Britain is facing a future where energy prices are going to escalate and energy sources will become insecure and unreliable according to a recent report from the industry regulator Ofgem. It stated that a combination of a global financial crisis, tough environmental targets, increasing gas import dependency and the closure of ageing power stations are to blame for rising costs and uncertain supplies.
