Developing a recovery plan involves several steps:
Identify Critical Functions: Determine which business functions are essential for day-to-day operations and prioritize them in the recovery plan. Assign Roles and Responsibilities: Clearly define who will be responsible for each aspect of the recovery process. Establish Recovery Time Objectives (RTOs): Set realistic timeframes for resuming critical functions after a disruption. Develop Contingency Plans: Create backup plans for key processes, such as data recovery and alternative supply chain routes. Regularly Review and Update: Continuously review and update the recovery plan to reflect changes in the business environment and emerging threats.