Take our survey to help us provide the best possible support to your small business during COVID-19 and beyond.
Review your time frame for recovery
A recovery time frame covers the time from when an incident or crisis happens to the time your business can resume usual operations. Your recovery time frame should be based on your critical business activities identified in your business impact analysis.
Critical activities are those that your business couldn't operate without. Think about how long your business could cope (even without serious financial losses), if your key services, resources and staff were affected by a crisis and you were unable to conduct these activities. Then think about how you would get them back on track if something did happen, and how long it would take. This is your recovery time frame. It's important that the time frames you include in your recovery plan are realistic.
You should assign a recovery time objective to each of your critical business activities. This will help you prioritise your business activities so you can work out what will need attention first if a crisis does happen.
Your recovery plan is part of your business continuity plan that outlines practical strategies to help you manage and recover from a crisis. A business continuity plan also includes your risk management plan, business impact analysis and incident response plan.
A recovery plan is the recovery step in the prevention, preparedness, response and recovery (PPRR) model of business continuity planning. While an incident response plan helps you deal with a crisis immediately before, during and immediately after it has happened, your recovery plan has a longer term focus and helps you get your business running again.