Business Continuity Plan: IT Risk Management in DMR Building Company

This report delves into the critical aspects of IT risk management for DMR Building, a company specializing in residential and commercial construction. It emphasizes the necessity of a Business Continuity Plan (BCP) to mitigate potential disasters and ensure business continuity. The report identifies key areas for improvement through business impact analysis, focusing on project management tasks, data security, and administrative functions. It evaluates DMR Building's current response to security incidents and recommends a robust backup plan. Furthermore, the report provides reasoning and recommendations for incorporating a disaster recovery plan within the BCP to enhance the company's resilience and ensure sustained operational efficiency. Desklib offers a wide range of resources, including past papers and solved assignments, to support students in their academic endeavors.

IT RISK MANAGEMENT

Table of Contents
INTRODUCTION...........................................................................................................................1
Description of the need for BCP......................................................................................................1
Business impact analysis highlighting critical areas for DMR building.........................................3
Response of DMR building towards security incidents..................................................................5
Back- up plan for DMR building.....................................................................................................6
Reasoning and recommendation on ways in which DMR building should include disaster
recovery plan...................................................................................................................................8
CONCLUSION................................................................................................................................9
REFRENCES.................................................................................................................................10

INTRODUCTION
IT risk management can be understood to be one of the most essential aspect evolving in
recent time periods, for strengthened working vision dynamically and to keep business goals
productively secured for significant business aspects. DMR building is company that is involved
in residential and commercial construction aspects, for keeping up with building designs and
stronger informative data centre services engagement. Company at present has been working to
bring on to improvise data security, procedures to enhance optimisation where study will shed
light on functional growth criteria.
The research has been found to be further working towards evolving need for BCP and
critical areas for business, successful to be further evolved up rapidly on new grounds. Report
will further critically focus on gaining analysis of DMR building company responding to security
incidents, backup plan for higher effective business growth paradigms diversely. Further
research study will analyse reasoning and recommendations on DMR building to include disaster
recovery plan for achieving optimum success, higher goodwill oriented parameters within longer
run.
Description of the need for BCP
DMR building is company that is essentially working on residential and construction
buildings commercially and renovation, devices and consultancy services variedly for further
bringing on new competent vision. Business continuity plan is procedure that outlines potential
impact of varied aspects among disaster situations, where it creates policies and significantly
responds to business operations variedly. Furthermore, creating policies and ensuring business
abilities enables to recover quickly after crisis for extended functional growth benchmarks
rapidly. The company has been witnessing challenges at recent time periods, to keep check on
resources timely utilisation, data security functions and also prioritizes vision significantly for
rapid growth horizons diversely (Sai and et.al, 2021).
Businesses are significantly prone to host of fluctuating aspects which further lead to
disasters and further plays crucial role in business engagement scenarios variedly. BCP is
typically operating plan for keeping effective check on threat and disruptions aspects
significantly which further plays crucial role for attaining optimum growth within longer run.
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Business continuous plan, further aims to keep check on loss of revenue and higher costs factor
variedly, where it leads to drop in profitability working horizons rapidly. Also with changing
preferences and significant functional growth parameters, it is widely crucial for DMR company
to enhance customer reach competitively for scaled up growth significantly.
Business continuity plan is an experience within organisation ability which further maintains
establishment risk management processes, and further establish full functional rise for smooth
procedures significantly. DMR building company by improvising usage of resources and using
BCP, will be able to further enhance new working goals dynamically, for attending competencies
rapidly informatively for quick growth actively on to further enhance new scope towards
goodwill among customers profoundly. The business continuity planning establishes risk
management procedures significantly, for extended critical services engagement functional
reach. This can be understood as also crucial to consider unpredictable events actively in
business grounds which further enhances scope for competent innovation goals. It further aims to
re-establish new full action to company business working goals quickly and smoothly, for further
enhancing ne vision significantly for stable working engagement (Ullah and et.al, 2021).
High availability, continuous operations and safeguarding resources actively with
functional growth efficacy for stale competent growth in new vision aspects. Disaster recovery is
also established properly, with recovery of data centre which further enhances scope to advance
up strategic planning and execution. This further also can be understood as highly crucial, where
DMR building will be able to primitively bring on higher profitability benchmarks attained and
advanced up for attaining productive functional growth.
Administrative staff, building, construction and design staff has some of the essential
aspects where company aims to further enhance project management tasks diversely for attentive
functional growth. The business at present aims to further enhance new criteria significantly,
where DMR by using BCP plan will be able to highly advance up resources and capital
investments enhancing functional working growth rapidly. Disaster recovery is also one of the
key benefit of optimally using BCP plan, which further opens up scope for company to
determine new vision growth rapidly evolving among new arenas. This can be functionally
understood to be also essential as further building business continuity plan will strengthen up
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company productivity within longer run for gaining stronger productive reach (Wang and et.al,.
(2021).
DMR building will be further able to determine strengthened vision competently, for
attending detailed scenarios rapidly evolving among company functional growth paradigms and
enhance functional goodwill significantly. The utilisation of BCP, will stringently enhance
functional working productivity for attending towards new critical areas of concerns further in
business grounds. It can be also understood that DMR buildings company by enhancing new
functional working criteria’s, will be able to enhance leveraged scenarios for attending towards
new keen working growth aspects rapidly. DMR building will be able to further enhance
optimised aspects significantly, which shapes up optimum strengthened business goals rapidly
for attending towards new keen priorities rapidly for determining key growth criteria aspects
dynamically. DMR building will be able to further enhance new arenas diversely, generate
optimum revenue paradigms and operatively enhance working growth criteria’s (Kamiya and
et.al, (2021).
Business impact analysis highlighting critical areas for DMR building
The business impact analysis crucially has critical areas where DMR building need to
further focus on attending towards significant growth for attending towards new significant
business growth parameters. Business impact can be analysed by keeping track on all critical
area and significant optimum preferences of direction where business wants to be further evolved
up rapidly DMR This further also enhances new scale business working goals. Leveraging key
work area of concern and to further work on improvised working horizons rapidly. Crucial areas
can be further analysed as follows:
 Project management tasks: The project management tasks such as scheduling effective
working resources, and handling further new scale optimised efficacy rise which further
enhance new scale growth competencies rapidly. Project management tasks, new
optimum resources functional effective utilisation further has been found to be also
critically essential which plays active role to enhance significant growth rapidly. As
DMR building has to be further enhanced up for strengthening project management tasks
rapidly, there company business objectives have to be further worked on for attaining
new significant growth standards rapidly (Tahir and et.al, 2021). Also project
management tasks rapidly plays crucial role to further enhance new business reach
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significantly, generate imperative aspects for shaped up productive parameters for
competitive business growth. Project management tasks is also widely crucial to enhance
operative innovative reach significantly, develop key working criteria’s rapidly for
attending towards new vision. Project management tasks have to be further evolved to
significantly enhance wider business growth horizons, which further relates correlated for
attending new details diversely.
 Data security: Data lost while transferring has been found to be one of the key aspect
within data security concerns, where DMR company has to further enhance new
functional positional growth for attending towards new growth horizons significantly.
Data security tasks plays crucial role for scaled up new informative structure
competencies which further shapes up accurate growth structure efficacy. This also
primitively plays high essential role to further build up new business presence growth
significantly and to enhance innovative business reach. The role of keeping check on
data security working horizons, and also maintaining optimum check on working
paradigms dynamically further operatively enhances scope for further proceedings at
DMR building. Through role of data security aspect, has been found to be also essential
for attending new business growth parameters dynamically which further optimises
specific benchmarks to be enhanced.
 Administrative function: The specific are of administrative area function, is also found
to be another key function where company further aims to bring on key business goals
significantly for attending effective working growth competencies (Dhawan & Gupta,
2021). It can be also understood that administrative functions, also relate to keeping
check on HR resources and also expanding new business working targets dynamically
further. As company aims to further bring forward bring forward new goals and actions
for motivating workforce, it is key concern area for company to further build up key
channels significantly. This can be also understood that by building BCP plan, company
will be able to further keep productive check on new administrative functions and also
evolve on towards new functional growth scenarios diversely. Administrative functions
also further aim to primitively bring on keen engagement of new regulations, active
vision and significant changes for optimised productive targets for scaled up new reach
rapidly. This further can be also evaluated to be critically essential for building new
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pathways, challenges and specific aspects for determining key leveraged growth horizons
significantly.
From the above analysed aspects key crucial areas have been identified as company further
has been found to be dynamically evolving for building new pathways dynamically and shaping
active pathways rapidly. Also with changes evolving there is further productive pace evolved for
determining new quest growth horizons which further builds up optimum level to significantly
enhance wider scale working engagement rapidly. DMR building company has to determine key
business goals, enhance vision informatively for attentively enhancing wider scale expertise
primitively on wider grounds (Wang and et.al. (2021).
Response of DMR building towards security incidents
With regard to the DMR building there are very low precautions and measures that are
connected with the security incidents. As DMR building has small data server room where the
data of the company is being stored, in the same way it has different types of personal computers
that are being currently used. This means that with the aspect of the DMR the response towards
the aspect of security is relatively low which could have a direct and major impact towards the
brand value and market position of the company.
There could be various security issues that may arise while the working of the company
that may majorly include the issue related with the hacking of the data, changing technology,
equipment theft, online hacking and various others (Forrester, Ustinova and Popok, 2020).
Occurrence of these issues and their impact towards the company could be disastrous if they
would not be prevented at the initial stage. This means that it is very essential that adequate steps
in terms of Business continuity plan and other steps including installation of software and
hardware and other security system plays an important role that could assist the company in the
mitigation of the security incidents. As security is one of the important concern that is related
with the aspect of the company so adoption of the techniques and relevant plan would lead to
play an important role. This can be understood as the installation of security cameras would lead
to play an important role by which the theft of the equipment would be protected. Likewise, an
adoption of the practice of installation of adequate software and hardware would work in the
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direction of protection of data by which the important and confidential data of the company
would be safeguarded.
In addition of this it is to be noted that, data and online hacking is raising nowadays that
would lead to sharing of confidential information about the company and the customer including
the bank details and various other information which would lead to have severe impact towards
the company in terms of affection towards its brand image. Thus, an adoption of most
appropriate equipment that could lead to safeguarding of the data would be very essential for the
DMR building. In the same way an execution of BCP plan its concerned strategies regarding the
safeguarding of the data would also play an important role in data safeguarding and protection.
Incidents in the form of occurrence of changing technologies would also lead to have an
occurrence of various security issues. This can be understood as when technology changes and
the transfer of data take place from the cloud then in such case if no steps in terms of precaution
and any other relevant strategy like backup of data would not have taken off then it will lead to
have loss of data as well as occurrence of hacking too (Chahid, Benabdellah and Azizi, 2017).
Thus, in order to make protection and prevention of data, DMR would adopt the practice of
backup of data and other software that would take backup of data from two to three times so that
the data would not only be protected and secured but at the same time also prevent the
occurrence of severe incidents.
Thus, it would be right to state that the occurrence of various risk incidents is common
but at the same time if the precautionary measures would not be taken of then it would lead to
have major impact. However, at the same time if the precautionary measures in terms of
adoption of strategies and installation of security devices and other software then it would be
counted as a step against the risk incidents.
Back- up plan for DMR building
Back- up plan is a kind of second plan that can be brought into working if something
goes working. DMR building currently has no contingency and back- up plan for company
server and data storage. There are various security areas that are focus of concern that are
required to be focused upon in an appropriate manner (Li & et. al., 2021). If these area of
concern are not focused upon and a back plan for its security is not developed then it can affect
and impact security of DMR building data and server directly. In order to develop an accurate
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back up plan it is important to identify main area of concern and security incidents that can occur
in an appropriate and accurate manner.
 In order to create a back up plan for DMR building it is important to identify security
concerns that can become a threat of DMR building in an accurate and important manner.
Some of the main security issues and area of concern of DMR building are: Data lost while
transferring (changing technology), equipment theft, online hacking or security of data which
is stored from hackers.
 Next step is to identify main potential impact of identified security issues. Each identified
security issue has its penitential impact that can affect DMR building and affect security of
their data.
 Data lost while transferring (changing technology) can potentially impact DMR building
because change in technology results in data lost because of which data can either get
corrupt or can lay in hands of hackers
 Equipment theft is another security issue and can potentially affect data and network
security of organization because in DMR building all the equipment and services are
inter- connected to each other.
 Online hacking or security of data which is stored from hackers is another but most
important security issue or concert that can potentially impact access to data, access to
server and inaccurate integration of data to business server (Jiang & Feng, 2021).
 Next step is to identify back up tools and technology that will be used by DMR buildings.
Organization can focus upon using cloud technologies for storing data. It will not only help
in taking regular back up of data but it will further provide additional security to the data. It
will further result in reducing limitation of storing a definite amount of data because using
cloud technology organizations can store unlimited amount of data. Not only this it would
further reduce chances of equipment theft. Not only this, it would further result in eliminating
need of migrating or transferring data from one equipment or system to another which would
eventually help in reducing chances of data loss (Wesely, 2021). Taking regular back up
would eventually help in providing solution of accessing data in case of data corruption of
data loss.
 Next step is to schedule data backup scope and schedule. It is an important step of back up
plan in which it becomes important to identify data whose back up is required to be taken. In
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this when the back up is required to be taken and how frequently it is required to be taken is
identified so that time to time back up can be taken and security issues such as data theft, and
loss can be reduced.
 RPO: in this amount of data company is willing to lose is identified. This can be directly
determined by frequency of backup taken by company (Han, 2021). RPO identified for DMR
building is 6 hours that means 4 times a data back up of data would be taken.
 RTO: it is a time period which is required by an organization for restoring data from backup.
DMR building would require 4 hours for restoring data from backup in case of disaster or
any other kind security issue.
Reasoning and recommendation on ways in which DMR building should
include disaster recovery plan
Following are some recommendations for DMR buildings that are important to be
recovered in disaster recovery plan and explanation of each one of them would be explained with
the help of a proper reason. Some of the main recommendations with reasoning are as follows:
 IT inventory: IT inventory required to be included for disaster recovery plan are leased
recovery software that will help in taking regular back of data and recovering it from time to
time whenever required (Hrytsenko & et. al. 2021).
 Backup procedure: it is highly recommended to identify backup procedure which is required
to be followed by organization for taking back up of data. Development of data backup plan
would help in identify software which is required to be used for used for taking back up of
organizational data. Not only this this procedure would further help in identifying ways in
which backed up data can be recovered and ways in which it can be used by organization
such that chances of this data getting lost can be reduced (Acebes & et. al. 2021). This
procedure would further help in identifying concerns that are required to be focused upon by
the organization so that damage chances to data can be reduced, emergency response that can
be followed if any kind of disaster in terms of data storage and server occurred.
 Recovery sites: It is highly recommended to use disaster recovery sites as an alternative
centre of storing and recovering data. It is an important recommendation which is required to
be focused upon in case of disaster. These recovery sites help organizations in identifying
ways in which data and server can be prote4cted from getting affected and causing other
areas that are getting so that negative impact upon organization can be reduced.
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 Restoration: It is highly recommended to include restoration plan within disaster recovery
plan that can help in explaining system loss and ways in which this loss can be overcome
(Acebes & et. al. 2021).
 Risk assessment: it is further recommended to include risk assessment plan within disaster
recovery plan that can help DMR buildings in identifying main issues or risk that can occur
and can be faced by DMR buildings. It is important because many times unexpected risk
occurs that can worsen current issue which is being faced by organization. Not only this if
these risks are not focused upon in an accurate manner then it can result in interruption of
other kinds of services. Risk assessment can directly help in identifying all kinds of risk
associated with data storage, backup, serve management, technology management and with
other critical but important operations
 Development of disaster communication plan: it is another important and recommended step
which is required to be included within disaster recovery plan (Acebes & et. al. 2021). This
plan is important because it will DMR buildings in identifying ways in which all the
stakeholders should communicate with each other in case of disaster so that all kinds of
communication is done effectively and accurately.
CONCLUSION
From the above report it would be concluded that DMR building need to be focused
towards various aspect including an adoption of BCP plan along with focusing over the aspect of
security. This would also include an adoption of BCP plan that would assist the company in the
smooth functioning and running of the company. Likewise, an adoption of various methods and
strategies against the risk would also be understood that it plays an important role against the
protection of the risk. In the same way it is also understood that in case of occurrence of any risk
which was not being covered under the BCP then also the company need to be ready with the
concept of backup plan. Also within the course of business operation occurrence of disasters
including manmade or the natural are common and in order to deal with such disaster company
must be ready with some precautionary measure and plan so that it would be easily dealt. This
adoption of various strategies and plan in the context of the business would plays an important
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role against the dealing of risk incidents along with disasters so that it would make easily
perform its daily business operations.
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