“Best Practices” is a popular expression of the intent to manage business continuity prudently. Best Practices are seen as a way to sidestep both the quantification of operational-risks, as well as, the objective evaluation of the cost-benefit for any proposed mitigation actions. There are several reasons why Best Practices “Are not.” best for Business Continuity purposes.
The fundamental requirement for business continuity is to (1) measure and evaluate risks objectivity, (2) determine which risks are the most serious risks and (3) then make a rational choice on how to best invest scarce resources to optimally reduce operational risk.
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