An empirical IT contingency planning model for disaster recovery strategy selection

In todaypsilas banking industry, 24 times 365 hours of service availability is of utmost importance to gaining competitive advantage. Proper IT contingency planning (ITCP) for disaster recovery (DR) insures business continuity and optimizes investment. This research investigates fundamental requirements of each banking business unit for mapping criticality of business continuity to DR readiness. The process assesses the recovery time objective (RTO) and the recovery point objective (RPO) to assure business continuity within a maximum tolerable period of disruption (MTPD). The ITCP model serves as decision-support standards and rationale for choosing the most appropriate disaster recovery solution for differing business unit requirements.