Ensuring the business continuity, the continuation of critical business operations in the event of an unforeseeable disaster, is a chief responsibility of an organizations management team including its financial officer or external CPA. According to Kit Tuveson, chairman of the International Facility Management Association and worldwide facility operations manager for Hewlett-Packard in San Francisco, only 40% of the companies that experience a disastrous event at their place of business will ever open their doors again. In addition, a study developed by the University of Minnesota found that the average company which was put out of business for as little as four and a half days, experienced up to a 50% loss in its capacity to operate .
Recognize the importance of having a corporate disaster plan in place within your organization Identify the basics of how to develop, communicate and test a disaster plan Identify the steps to recovering damages
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