Discussion board reply

User Generated

cenounxne

Computer Science

Description

I need reply for those two discussion boards

Unformatted Attachment Preview

There is cost and value associated with all assets own by the business. In the event of natural disaster, fire outbreak, flood, cyber-attack, system crash business have to recover or have to purchase some of these Assets back. In most cases businesses that insured by insurance companies are able to mitigate some of their losses. It also helpful when businesses have to prepare annual budget. It best accomplishes when businesses are able to complete Risk Assessment on all key assets of the business are easily identify and quantity. Annual Loss Expectance (ALE) and Single Loss Expectance with desirable rates assist businesses to make informed decision. Other expenses related to response, continuity and recovery are Employee cost, Loss of Costs, Customer Confidencel Service Value and Technology Recovery. One of the key expense involve in response, recovery and continuity is Employee cost example if your organization has 200 employees and the average cost per hour (include benefits) is $80 per hour, and you have an hour of downtime, the initial reaction is the cost for the downtime is $16,000. This is the direct cost. Incidental cost is the idle time the employee is not working due to an incident. According FEMA Incident Command System (ICS) is the model tool for command, control, and coordination of a response and provides a means to coordinate the efforts of individual agencies as they work toward the common goal of stabilizing the incident and protecting life, property, and the environment. ICS follow a specific model therefore it will different in terms of how expenses are managed ICS hierarchal structure follows a spic span of control which makes it easy to follow. the is a break down of departments or units that address specific problems or issues during recovery response and continuity. References: http://www.strategicbcp.com/blog/cost-of-disaster-recovery-bcp/ http://www.seapro.org/pdf_docs/ICS. Overview.pdf It's a harmless bet to say that greatest IT specialists at every level are worried about high obtainability as it relates to IT systems being nearby to all stakeholders, internal and external. Interactive this outside of IT can be stimulating, particularly when it comes to planning for the cost of Disaster Recovery (DR) and unsuccessful or inadequate business continuity planning (BCP). The CIO, or knowledge leader strives to reach five nines of availability. The five 9's stand for 99.999% obtainability over 24/7,365. The .001% associates to 5.26 minutes of spur-of-the-moment downtime a year, or 25.9 seconds a month. While less than thirty seconds a month on the surface may seem unimportant, the concealed costs behindhand it are not. Representing the cost of not doing due assiduousness in not only the Disaster Recovery Side (it's not just about IT!), but concentrating on the Business Continuity Planning side, can importantly help in: generating a united understanding of DRBCP; procurement budget for resilient IT systems; • representing that it is not only an IT problem; and • raising cognizance and gratefulness for the complexity of IT. Inappropriately, no company is average. The $7900 per minute price tag may not be relevant to your organization. There are outstanding ways to present downtime costs to older management especially prior to succumbing your technology budge for Blade Servers, Virtualization, or a dismissed data center in event of a disaster.
Purchase answer to see full attachment
Tags: a n
User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Explanation & Answer

kindly check the replies

Surname 1
Student’s name
Professor’s name
Institution
Date
Discussion board reply
The thread shows how businesses are insured by insurance companies whenever there is a
natural disaster or cyber-attack. The compensation involves cost and value of all assets owned by
the corporation. In most cases, if a business...


Anonymous
I use Studypool every time I need help studying, and it never disappoints.

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4

Similar Content

Related Tags