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Nearly 66% of enterprises do not conduct risk and business impact analyses when planning their disaster recovery plan (DRP) objectives. The result of this is often a recovery plan that is over-engineered, overly expensive, not validated against known risks and threats, and potentially completely inadequate.
With many DRP contracts up for renewal, now is the time to revisit how much the company is spending on DRP and if those expenses are justified. This research note uses recent survey data and case studies to demonstrate how:
- Your industry peers spend on DRP.
- A business impact analysis (BIA) identifies where to spend on risk mitigation.
- Cost reduction opportunities are made available through the BIA.
The BIA is IT's most effective weapon in defending the budget against unnecessary DRP expenditures. Conduct a BIA, throttle back DRP effort as necessary, and reallocate budget dollars before the CFO does it first.