Project Management

Optimal Strategic Decision for Disaster Recovery

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Executive Summary

Sustained data availability, accuracy, security, and updating of financial transactions are critical for banking business services. The significance of 24 ? 365 hour service availability with accurate and secured data is the business comparative and competitive advantages. Choosing the right IT Contingency Planning (ITCP) for Disaster Recovery (DR) insures business continuity and optimizes banking investment. This research investigates the essential fundamental requirements of each banking business unit and concentrates the mapping of business criticality to DR readiness by assessing Recovery Time Objective (RTO) and Recovery Point Objective (RPO) to guarantee business continuity under a Maximum Tolerable Period of Disruption (MTPD).

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