Business Impact Analysis (BIA) and Risk Assessment
The Business Continuity Management Group (BCMG) shall sponsor a bi-annual institutional BIA to identify and prioritize the critical business processes and costs of downtime. The institutional BIA shall cover the major business processes that cut across multiple business units or organizations. It shall identify the business process availability Recovery Time Objectives (RTOs) and business process Recovery Point Objectives (RPOs).
The BCMG shall extend the results of the institutional BIA to the business units as a basis for developing business unit-specific BIAs, identifying key business processes and the associated risks if these processes are not available. Each business unit shall appoint a BC Coordinator who will coordinate the development of the business unit-specific BIAs and resulting business unit-specific BCP, with the guidance of the BCMG.
The BCMG shall sponsor a bi-annual risk assessment for business continuity and as needed, coordinate with SFR in this task's methodology and findings.
Develop Resumption and Recovery Plans for Facilities and Office Space
To successfully resume our critical business operations during an institutional crisis, the BCMG must provide a safe, easily accessible and fully operational location with adequate resources (IT and others) for the Company's BC staff to report to and initiate operations from during the period of crisis.
The alternate facility, the BCC, should be at a safe distance from the primary work area to withstand regional disruption. The alternate facility must provide a Command Centre facility that leverages a separate power grid and dedicated Internet and telephone lines to support efficient response during crisis. The facility must provide adequate office space and alternate communication links for the senior management of Ultra Capital Energy Ltd. to perform operational decision-making.
For Business Restoration and Permanent Recovery, the BCMG office shall work closely with the business units to coordinate the activities involved in restoring the business operations of Ultra Capital Energy and ultimately return to an original/new permanent operating site.
For Business Restoration and Permanent Recovery, the BCMG office shall work closely with the business units to coordinate the activities involved in restoring the business operations of Ultra Capital Energy and ultimately return to an original/new permanent operating site.
Develop IT Systems Resumption and Recovery Plans
The institutional BCP shall develop a coordinated strategy involving plans, policies, procedures, and technical measures that enable the recovery of IT systems, operations, and data that is identified as critical. The BCMG shall also work with other company units that are responsible for development and maintenance of the technology and information that support critical business processes of the Company.
The ANCHOR'S network architecture and global telecommunications shall ensure redundancy and the institution's ability to withstand local and regional crisis.
Business Continuity policy and planning shall be integrated in IT policy, budget and implementation decisions. IT budget guidelines and incentives shall consider good practices concerning business continuity planning and preparedness.
For new application development, BCP should be integrated in all phases of the IT project life cycle, starting from Business Requirements, System Architecture, Design, Construction, Testing, Implementation, Maintenance and Retirement.
