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Summer Journal

Volume 27, Issue 3

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Assuming The Probability Of Recovery

Written by  Henry Kalt November 22, 2007

There are many types of risks that an organization faces. They can be financial, regulatory, competitive, or physical to name a few. The purpose of this article is to put forward a model to quantify and manage the risk associated with recovery. If a company has no business continuity and/or disaster recovery plan, they are taking a substantial risk. If a company sustains a disaster, what are the chances for recovery? Having a business continuity program and/or disaster recovery program in place increases the probability of recovery, but by how much? The purpose of this article is to provide a model for measuring the effectiveness of such plans. What Is Recovery Probability? Recovery probability is the quantifiable chance that a business has of recovering the business after a disaster. Recovery probability is assigned to those planned or unplanned actions, decisions, and events which a business takes to recover or survive immediately following

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