1948 years ago in AD 63 an earthquake in southern Italy by the gulf of Naples seriously damaged the ancient city of Pompeii causing an undetermined number of deaths and spread out destruction, but the locals went to work rebuilding in the same spot until they were buried by the eruption of the Vesuvius volcano 16 years later in AD 79.
Galveston TX Hurricanes
Average Brushed or hit every 2.94 years Average Direct hit every 8.63 years
The Great Storm of 1900 - Sep 8th 1900 - Pop: 42,000 residents Category 4 @ 135 mph -Great loss of life between 6,000 and 12,000 individuals – officially 8,000
The 1915 Storm, August 17th, Category 4 @ 135 mph 42 people dead in the Galveston area
$60 - 1915 million dollars in damage
Ike Sep 13th 2008 - The third most destructive hurricane to ever make landfall in the United States Final landfall in Galveston Texas as a strong cat 2 with cat 5 equivalent storm surge winds extended 120 miles from the center.
Blamed for at least 195 deaths – 74 in Haiti and 112 in the USA 300 still missing. - Damages estimated at 24 billion (2008) US Dollars
Resulted in the largest evacuation in the state of Texas history and the largest search and rescue operation in US history
Chernobyl, An Experiment Gone Wrong
On Saturday, April 26th, 1986 at 1:23 am, one of the reactors at the Chernobyl nuclear power plant exploded. Ironically, the experiment consisted in testing how the power plant would respond in the event of an accident. The operators at the plant wanted to bring down the power output of the reactor to 25%, but over-confidence, poor training and poor knowledge of how a reactor works caused them to overdo it, and they ended up bringing down the power output to 1%. When they then tried to bring it up to 25%, the reactor overheated and exploded causing the worst nuclear accident in history.
Business Continuity: Budgeting for Your Business Continuity Management Program
Posted on Wednesday, December 08 @ 17:09:16 PST by editor
Budgeting for Your Business Continuity Management Program
Business continuity planning is not a trivial process. Efficiently managing the process of developing, maintaining and exercising your plans, and adequately training your personnel, will require top-level management support and an approved and funded budget. Management must allocate sufficient funds to insure a successful program. Just some of the expenses that must be considered and included in the budget are:.
Alternate Sites: Monthly subscription fees and recovery activation fees for alternative sites, including computer hot-sites, warm-sites, cold-sites and business unit workgroup recovery sites or mobile solutions.
Off-Site Storage Sites: The cost for maintaining off-site facilities for storing critical records and emergency supplies that will be required for recovery. Also, off-site data storage and/or electronic vaulting services should be considered.
Telecommunications Recovery Network: The cost of establishing or maintaining recovery telecommunication networks.
Testing: The cost of testing business recovery plans, which includes the cost of alternate site tests, personnel, equipment usage, supplies, transportation, lodging and meals, special materials, and fees for off-hour access to critical records stored at any off-site locations.
Software: The on-going subscription fees, license costs and/or maintenance fees for business continuity related software, such as planning tools, emergency notification services and incident management software. Any special hardware needs for these tools and services will need to be included in these costs.
Training: The cost of providing employee training on the recovery plans, awareness training and training for recovery team members on the above-mentioned products.
Training Seminars, and Conferences for BCM Education: Since business recovery planning and recovery management expertise is essential to the organization, funds must be allocated to ensure that the business continuity coordinators and key planners are familiar with the latest business recovery planning methods and tools. The business continuity coordinator(s) should attend one or more business continuity planning training sessions, and should be certified as a qualified business continuity professional. The budget should include funding for at least one business continuity coordinators to attend one business recovery planning conference or seminar each year. Funding should also include membership fees to local business continuity groups and associations. Note: In addition to allocating funds for the business continuity coordinator and an alternate business continuity coordinator, enterprise-wide planning may also require funding for training administrative or support staff.
Business Continuity Planning Consulting Services: Development of enterprise-wide business recovery plans is a lengthy and complicated process. If the business continuity coordinator(s) has not had previous recovery planning experience, the process of recovery planning may suffer. Experienced consulting firms can provide training and guidance to the business continuity coordinator(s). If development of plans, or modification of out-of-date plans is a high priority project, and the organization's employees do not have sufficient time to devote to the business continuity planning process, the plans will not be completed in a timely manner. Even if you have a staff of experienced planners, the benefit of having your program and plans reviewed by external experts will easily outweigh the costs of such services. Allocating budget funds for experienced business continuity consulting services should be considered.
Although the above list is not all inclusive, it will provide a good start to assuring that all aspects of your business continuity management program are covered and funded. In conclusion, your business continuity management program should not just be thought of as an optional business expense, but as a necessary and mandatory cost of doing business.