Service: Business Continuity Planning (BCP)
Industry: Financial - Mutual funds - 25 employees - 1 location
($25 Billion in managed assets)
Goals: Continue business operations in the event of a disaster
Client for: 17 years (1993-present)
Project: A mutual fund service firm required the ability to quickly restore critical business functions in the event of a serious incident. The solution was to create and validate a logistical plan to recover business functions in a predetermined time frame after a disaster or extended disruption. Business systems included email, data files, trading software, fax, and phones. In this case three scenarios were addressed:
1) Component(s) failure in the primary office
2) All systems running but no access to the office
3) Complete systems failure and no access to the office
Result: During an early winter morning a water line ruptured under the street outside the office building. Police and work crews closed the surrounding area including the street and several buildings. The first employee arriving that morning discovered the situation and initiated the BCP for scenario #2. The company was able to continue business operations throughout the day avoiding any downtime.
Every business and organization can experience a serious incident which can prevent it from continuing normal operations. This can happen any day at any time. It is very important that every business have a continuity plan no matter how simple.