An empirical IT contingency planning model for disaster recovery strategy selection

Author

Wiboonrat, Montri

Author_Institution

Grad. Sch. of Inf. Technol., Assumption Univ., Bangkok

fYear

2008

fDate

28-30 June 2008

Firstpage

1

Lastpage

5

Abstract

In todaypsilas banking industry, 24 times 365 hours of service availability is of utmost importance to gaining competitive advantage. Proper IT contingency planning (ITCP) for disaster recovery (DR) insures business continuity and optimizes investment. This research investigates fundamental requirements of each banking business unit for mapping criticality of business continuity to DR readiness. The process assesses the recovery time objective (RTO) and the recovery point objective (RPO) to assure business continuity within a maximum tolerable period of disruption (MTPD). The ITCP model serves as decision-support standards and rationale for choosing the most appropriate disaster recovery solution for differing business unit requirements.

Keywords

banking; business continuity; information technology; planning; IT contingency planning; banking business; banking industry; decision-support standards; disaster recovery strategy selection; recovery point objective; recovery time objective; service availability; Availability; Banking; Business continuity; Contingency management; Information analysis; Investments; Process planning; Risk management; Strategic planning; Technology planning; Business Continuity Plans (BCP); Business Impact Analysis (BIA); Disaster Recovery (DR); Information Technology Contingency Planning (ITCP);

fLanguage

English

Publisher

ieee

Conference_Titel

Engineering Management Conference, 2008. IEMC Europe 2008. IEEE International

Conference_Location

Estoril

Print_ISBN

978-1-4244-2288-3

Electronic_ISBN

978-1-4244-2289-0

Type

conf

DOI

10.1109/IEMCE.2008.4617953

Filename

4617953