What does Service Continuity Management cost?
The cost of Service Continuity Management is very variable. You can spend a little or a lot depending on what you have, what the risks are and what level of risk you consider to be acceptable.  The paradox is that you have to incur some cost, even if only in time, in order to find out what the risks might be in the first place.

Expenditure
Money might be spent on reducing risks by buying and implementing technical solutions, such as disk mirroring, back-up systems, uninterruptible power supplies and so on.
Money might be spent on consultancy to carry out the initial risk analysis and/or prepare recovery plans.
Money might be spent on external facilities to aid recovery, such as off-site storage of back- up tapes, off-site availability of spare equipment and so on.
People
People would be needed to manage the process, carry out risk analysis, make any technical changes deemed necessary, develop plans and so on.
Recovery plans usually also involve a number of people, including those who would be responsible for initiating and managing the recovery plan, those with technical responsibilities, those with communication responsibilities and so on.  These people would need to be involved in the development of the plan and also in testing it.
Time
The amount of time involved will depend on how advanced the school is in implementing processes such as FITS.  Some of the work is done in other processes - for instance, identifying services (Service Level Management) and establishing the relationships between infrastructure components (Configuration Management).  Also, with good Release Management in place, the planning of new services should help to avoid building in risks.

The cost of Service Continuity Management must be balanced against the value of the ICT service and the potential cost of losing it.

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