BCDR: How do you determine what the cost of recovery is?
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Security
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I am watching through the GSEC videos and am on the BCDR video. Most of it makes sense, but I am not sure how one determines the cost of recovery from an event.
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Hey @Nat-Gregory
What many BC plans do is to perform a Risk Assessment and Business Impact Analysis(BIA) of their organization. From there you would be able to identify the most likely events and their impact to your business, which would allow you to estimate the cost of recovery. From there you would develop a recovery strategy and budget for those events. Finally you would review and test the plan regularly as well as document the plan and updates.
I hope that helps
Cheers,
Daniel