Final answer:
A Disaster Recovery Plan (DRP) is a company's strategy to restore critical systems and continue operations after a disaster. It includes a plan for data recovery and relocating operations if necessary, and it aims to mitigate asymmetric risks associated with disasters.
Step-by-step explanation:
The plan you are being asked to create is a Disaster Recovery Plan (DRP). This type of plan is designed to restore critical business systems and operations after a disaster, such as a natural disaster, cybersecurity attack, or another unexpected event that causes a disruption. A DRP is essentially a "break glass in case of emergency" safeguard to ensure business continuity.
Implementing a DRP involves creating a comprehensive strategy that not only focuses on the recovery of critical systems and data but also on relocating operations to a secondary location if necessary. This process is known as disaster recovery site planning. Such plans take into account asymmetric risks; where inaction or inadequate preparation (Plan A) can lead to devastating outcomes, while an overprepared response (Plan B) may incur unnecessary costs but could save the business in the face of a real threat.
In summary, a DRP involves analyzing potential risks, establishing a recovery strategy, and ensuring that the necessary resources, procedures, and training are in place to respond effectively to a disaster. This approach is conservative, opting to mitigate risks instead of leaving the company exposed to potential catastrophic damage.