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Service to be provided:
Pinnacle Risk Services, Inc. consultants are able to provide you with assistance in developing a comprehensive Business Continuity Plan, often referred to as a Disaster Recovery P1an.
We will start by performing a Business Impact Analysis to determine the initial focus of the planning engagement. We will then develop the appropriate questionnaires and plan format. Pinnacle will develop a time line for completion of the plan and serve as Project Manager to assure timely completion of the Plan.
Concurrently, Pinnacle will assist in creating a Business Recovery Team, whose roles and responsibilities will be to provide the necessary services to allow the business units to recover their business function.
Pinnacle will also develop a maintenance procedure so as to provide for the ongoing updating of the business continuity plan. We will also develop testing procedures to assure that what may look appropriate on paper, works in practice.
Why should such a service be considered?
Every business is confronted with events, some of which are man made others being acts of nature, that could result in the temporary closing of a business, a branch office, a critical manufacturing facility, the loss of product from a critical supplier, etc. The shut down could last a matter of minutes, hours, days, weeks or months. The question is how long can you afford to be shut down before your business begins to suffer a financial loss, and your clients and customers begin to develop a relationship with your competitor.
Having a comprehensive Business Continuity Plan in place, that has been tested and is maintained on a regular basis, along with instituting a Business Recovery Team to oversee the implementation of the Plan and to provide support services, assures you that your down time will be the shortest period of time possible.
It has been said, that failing to plan, is planning to fail. Business Continuity Planning is considered today to be a part of prudent management, and failure to plan, resulting in financial loss to the company, can expose management to shareholder litigation.
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