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Duff & Phelps maintains a high-priority focus on Business Continuity & Disaster Recovery (BCDR) in the event of an unexpected disruption in operations. While impacts and details of specific disasters are difficult to anticipate, plans and processes are documented and in place to support timely recovery of critical business units, systems and processes in the event of a disruption.
Duff & Phelps maintains a contractual arrangement for a disaster recovery facility and services, and routinely conducts recovery tests. Duff & Phelps has an established Business Continuity Program that continuously assesses business impacts, updates business continuity plans, and validates the plans through testing.
Contractual agreements are in place with information service providers to assure that information can be received regardless of the location of facilities. Similar provisions are in place with data service providers, for application systems and operational services, to assure that they can provide necessary support in the event of any interruption to Duff & Phelps based services. The BCDR Program also strives to assure that business partners have current Business Continuity and Disaster Recovery plans for their operations.
In the event of a business disruption effecting Duff & Phelps’ home office location, the Disaster Recovery Team will implement a recovery strategy based on the severity and nature of the incident. Duff & Phelps anticipates that it will be able to continue business in the event of a disaster by relocating necessary personnel to alternate locations and/or utilizing key service providers.