The first step in a sensible business continuity process is to consider the potential impacts of each type of disaster or event. This is critical - how can you properly plan for a disaster if you have little idea of the likely impacts on your business/organization of the different scenarios?
Having determined the impacts, it is now equally important to consider the magnitude of the risks which could result in these impacts. Again, this is a critical activity - it will determine which scenarios are most likely to occur and which should attract most attention during the planning process.
A sound disaster recovery / business continuity plan is essential to protect the well being of an organization. This cannot really be over emphasized... yet many enterprises still side step the issue or hold plans which are clearly out of date or inadequate.
Back up paper files
Back up computer directories