Develop a Funding Approach with an Effective Disaster Recovery Strategy
This issue of Disaster Recovery Today, the sixth of a nine-step series, continues to outline the process of FEMA grant management developed by our disaster consulting team at Adjusters International, which presents effective disaster recovery strategies for any entity recovering from a major disaster.
The discussion in this article takes the decision-making and strategy process for disaster recovery to the next step with a discussion of what strategies to consider when developing a funding approach for FEMA recovery. The previous issue defined the three categories of a rebuilding plan. This issue explains how to determine the amount of funding available, and the FEMA requirements that will impact the financial recovery for your project. It presents the various disaster recovery strategies, which can ensure a better recovery from FEMA.
The funding approach process requires the same diligence, project management and communication with the state and FEMA authorities to properly evaluate every opportunity available for your recovery plan. Outlined in the following four steps, the disaster recovery strategies for the funding methodology will develop an estimate for a Standard Project, double-check FEMA requirements, determine which of three types of projects to pursue, and evaluate the project for mitigation opportunities.
Step No. 1: Start with the Standard Project
Step No. 2: Double-check FEMA Requirements
Step No. 3: Determine the Type of Project
Step No. 4: Consider Mitigation Funds
Prior to selecting a disaster recovery strategy, a disaster recovery planner should refer to their organization's business continuity plan which should indicate the key metrics of recovery point objective (RPO) and recovery time objective (RTO) for various business processes (such as the process to run payroll, generate an order, etc). The metrics specified for the business processes must then be mapped to the underlying IT systems and infrastructure that support those processes. Wikipedia
With these four steps properly evaluated, applicants have collected all of the necessary information to implement a disaster recovery strategy that will ensure the success of their funding approach.
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Disaster Recovery Today is provided free of charge as a public service by Adjusters International, Inc., disaster recovery consultants. It is provided for general information and is not intended to replace professional insurance, legal and/or financial advice for specific cases.
Adjusters International Leadership
Experience, professionalism, and a deep-seated commitment to customer service are the hallmarks of our industry leadership. Adjusters International boasts more senior and certified public adjusting professionals than any other organization of its kind. Our FEMA recovery team is staffed by top-notch specialists with proven, on-the-ground expertise, whose sights are focused on making sure clients receive every dollar of funding for which they are eligible. Together, the Adjusters International team represents some of the best and most experienced minds in their fields.
