Home
Corporate finance Private equity
Business plan
Internal Audit I. Audit basics
I. Audit dept
I. Audit process
Enterprise Risk Mgt What is ERM?
Why risk mgt ?
Risk assessment
Free Downloads IFRS
IAS
Best Practice Business budgets
Capital structure
Capital budgeting
Cash flow mgt
How to notes Personal finance
Financial mindsets
Business Continuity BCM basics
Mgt support
Recovery strategy
Continuity plan
Continuity training
Walk with us Contact us
Your mail
The blog
Link to us
Amazon products
About us

Subscribe To This Site
XML RSS
Add to Google
Add to My Yahoo!
Add to My MSN
Subscribe with Bloglines

Hot site contracts considerations with a third-party

Although industry trends indicate organizations are bringing recovery solutions in-house, hot site contracts remain prevalent. In order to ensure hot site contracts are cost-effective and meet business requirements the following considerations may be useful:

• In advance of the vendor selection process, develop and weigh selection criteria.

• Although SunGard, IBM and Hewlett-Packard remain the largest providers of site services, a number of specialist providers exist; therefore, dozens of qualified providers may be positioned to respond. In order to execute a focused vendor selection process, use a Request for Information (RFI) to select three finalists, and a Request for Proposal (RFP) to select a partner.

• Based on a business impact analysis (BIA), define detailed application and network recovery objectives and associated recovery configurations. Share recovery strategy configurations with potential technology partners (following the RFI process).

• Consider a shorter site contract length. Business and technology change frequently, and change orders are often expensive. Shorter contracts may take advantage of the trend of decreasing technology costs.

• Consider an integrated backup communication network and site backup strategy to take advantage of economies of scale, some providers can present both solutions together.

• Ensure the contract provides testing and access rights consistent with internal policies. Consider contracting for assistance with initial recovery actions where critical skills may be lacking or missing altogether.

• Contract for on-site storage of necessary resources to assist with critical recovery actions.

• Integrate data backup solutions with an RPO of less than 24 hours and an RTO of less than 48 hours with the hot site solution to take advantage of economies of scale.

• Include terms allowing termination of the contract in the event a similar internal capability is developed.


Hot site contracts is a form of outsourcing recovery solutions


Enter your E-mail Address

Enter your First Name (optional)

Then

Don't worry -- your e-mail address is totally secure.
I promise to use it only to send you Newsletter.

Custom Search

Heard it on the street New!

Get Business Competence Blog delivered by email

Share your experience by writing a page on this website