Industry News

How real estate companies recover from disaster

Consulting company offers tips on preparing for the worst

Learn the New Luxury Playbook at Luxury Connect | October 18-19 at the Beverly Hills Hotel

Clareity Consulting, which provides information technology consulting to the real estate industry and its related businesses, has issued a white paper discussing the need for disaster recovery planning. "Many business risks can be avoided via a rigorous, expert assessment of the physical plant, personnel practices, flood/water controls, housekeeping, fire controls, electrical power, climate control, IT operations and security practices. Regardless, business continuity risks can never entirely be eliminated, whether it is due to employee failings or more difficult to control issues, such as natural disasters and criminal activity," according to the paper, "Planning for Disaster." The paper poses the question: "What would your organization do if its main office was destroyed by an earthquake, flooded by a nearby river, consumed by fire, or affected by a criminal or terrorist attack?" Clareity recommends that company develop a formal, written Business Resumption Plan (BRP) that accou...