Guessing is not a strategy: How to build decision velocity with AI and real-time data
June 10, 2026 | Live Webinar
Threat Management Basics
Bob Weinstein is a journalist who covers technology, project management, the workplace and career development.
Heroes are born during crises. Disasters trigger opportunities for PMs who can step up to the plate and craft and implement disaster recovery plans that save data and systems. This story explains the importance of a DR plan, and outlines its critical elements.
No CEO can deny the importance of a disaster scenario, yet most chief executives fail to go to the trouble to create one. Regretfully, poorly conceived plans are often implemented at the 11th hour--when it's often too late.
Why the skewed thinking? Larry Smith, president of the Institute for Crisis Management in Louisville, Ken., said that disaster planning is considered a distraction for most CEOs because it takes them away from their most important mission: making money. The thinking is simplistic and narrow-minded, but sadly very prevalent.
Need proof? If you ever doubted the power of surveys and statistics, check out the following:
More than 20 percent of large businesses are unprepared for natural disasters. That's the disturbing conclusion of a recent survey conducted by St. Louis-based Emerson Network Power. The survey reveals that U.S. businesses could be vulnerable for $2 million or more per day in lost revenue. In the wake of hurricanes Katrina and Rita, more than one-fifth of large U.S. businesses (21 percent) have not budgeted to prepare for and maintain operations during natural disasters.…
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