ABSTRACT
It is estimated that fewer than 50% of all firms have a
reliable, complete, and current business resumption and
disaster recovery plan in place.[1] For that reason, many
firms are looking at two initiatives to address the lack of
viable business resumption plans. The first is establishing a
risk manager position within the corporation, a position
with the primary responsibility of coordinating the devel-
opment of business resumption and disaster recovery
plans. The second initiative is to build business resumption
and disaster recovery plan funding and timelines into every
project. This is intended to force the development of plans
prior to the project wrapping up and the team members
dispersing. The effectiveness of these initiatives will ulti-
mately depend on the leadership of senior management to
enforce the mandate of the risk managers and require the
completion of these tasks prior to project closure.
