Recovery Options Evaluation Criteria

When assessing recovery options for both technology and workarea, we recommend creating an options comparison chart with the following evaluation criteria:

  • Costs  (1x, Recurring, ATOD)
  • Accessibility
  • Testability
  • Scalability
  • Flexibility
  • Compatibility
  • Lead Time to Implement
  • Proximity
  • Shared Risks
  • Solution Complexity
  • Burden of Obsolescence
  • Ability to Meet Recovery Objectives

These criteria can be evaluated and scored with a relative value, such as High, Neutral, Low or a tailored value for each criteria, such as Most Complex, Neutral, Least Complex, etc.

Simply as an example, the final “scorecard” might look something like this:

Evaluation Criteria

Internal Recovery Solution

Hosted Recovery Solution

Recovery Service Vendor

Costs
    One Time Costs

$ 5.0 mil

$500k

Minimal

    Recurring Costs

Minimal

$5k/mo

$5k/mo

    At-Time-Of-Use Costs

Minimal

Minimal

$15k + $2k/day

Accessibility

Very Accessible

Mostly Accessible

Limited Accessibility

Testability

Easy to Test

Moderate

Must be Scheduled

Scalability

Limited

Moderate

Very Scalable

Flexibility

Limited

Moderate

Very Flexible

Compatibility

Very Compatible

Very Compatible

Somewhat Compatible

Lead Time to Implement

Long

Moderate

Short

Proximity

Nearby

Options

Options

Shared Risks

Some

Few

Few

Solution Complexity

Moderate

Moderate

Complex

Burden of Obsolescence

On Our Company

On Our Company

On Recovery Vendor

Ability to Meet Recovery     Objectives

Fully

Fully

Mostly

Security

Secured

Somewhat Secured

Somewhat Secured

Availability at time of     Need

Total

Total

At Risk

Facility Management     Requirement

Internal

External

External

 

Each value may bear farther explanation and justification, but the summary is nice to display in a side-by-side comparison format.

If you want a more detailed explanation of any of the Evaluation Criteria or want to suggest others to include in a full analysis, please feel free to share your thoughts by entering a comment.

 

Thank you for your input.