Difference between revisions of "Service Recovery Time Objective"
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− | '''Service Recovery Time Objective''' is: | + | '''''Service Recovery Time Objective''''' is: |
− | '''''Notes (1):''' | + | '''''Notes (1):''' to be established for each [[Critical Business Services|critical business service]]. |
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+ | '''''Notes (2):''' measured based on a time-based metric. It is meant to clarify the FSIs expected recovery timelines for each business service. | ||
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+ | '''''Notes (3):''' to guide the FSIs to prioritise their resources during the planning phase. | ||
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+ | '''''Notes (4):''' to facilitate decision-making and monitor the recovery progress during a disruption.'' | ||
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− | <br>'''Related Term''': [[Operational Resilience| Operational Resilience]], [[Business Services]], [[Recovery Time Objective (RTO)| Recovery Time Objective]], [[Business Impact Analysis (BIA)| Business Impact Analysis]], [[Inter-dependencies| Inter-dependencies]], [[Service Recovery Time Objective]] <br/> | + | <br>'''Related Term''': [[Operational Resilience| Operational Resilience]], [[Business Services]], [[Critical Business Services]], [[Recovery Time Objective (RTO)| Recovery Time Objective]], [[Business Impact Analysis (BIA)| Business Impact Analysis]], [[Inter-dependencies| Inter-dependencies]], [[Service Recovery Time Objective]] <br/> |
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Revision as of 15:39, 17 July 2022
1. Service Recovery Time Objective or SRTO is the target duration of time to restore a specific business service from the point of disruption to the point when the specific business service is recovered to a level sufficient to meet business obligations.
(Source: Monetary Authority of Singapore, 2022)
Notes (1): to be established for each critical business service. Notes (2): measured based on a time-based metric. It is meant to clarify the FSIs expected recovery timelines for each business service. Notes (3): to guide the FSIs to prioritise their resources during the planning phase. Notes (4): to facilitate decision-making and monitor the recovery progress during a disruption.
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