How do you define and measure recovery time objectives and recovery point objectives?
Contingency planning is the process of preparing for potential disruptions or disasters that could affect your business operations, such as cyberattacks, natural disasters, or pandemics. One of the key steps in contingency planning is conducting a business impact analysis (BIA), which identifies the critical functions, resources, and dependencies of your business, and evaluates the potential impacts of various scenarios on your revenue, reputation, and compliance. A BIA also helps you define and measure two important metrics for your recovery strategy: recovery time objectives (RTOs) and recovery point objectives (RPOs). In this article, we will explain what these metrics are, why they matter, and how to calculate them.